Real Account Examples List
What are Real Accounts?
Real accounts are those accounts that relate to business property and things that are owned by the business concern. Real accounts include tangible and intangible accounts.
Or
Accounts relating to properties and assets owned by the business enterprise (excluding debtors) are known as Real accounts.
It should be noted that assets may be tangible or intangible, but their value should be measured in terms of money.
Real Account Examples List
Tangible Real Accounts-
Tangible real accounts comprise those things which can be seen, touched and measured.
Tangible Real Account Examples List:
1. Building account,
2. Land account,
3. Machinery account,
4. Cash account,
5. Furniture account,
6. Computer account,
7. Investment account,
8. Motor Vehicles account,
9. Fixture and fitting account,
10. Plant account,
11. Inventory account
Intangible Real Accounts-
Intangible real accounts comprise those items that cannot be seen, touched and measured but have a monetary value.
Intangible Real Account Examples List:
1. Goodwill account,
2. Copyright account,
3. Patents account,
4. Trademark account
5. Computer Software
30 transactions with their Journal Entries, Ledger, Trial balance and Final Accounts- Project
Golden Rules Of Accounting MCQs with solved answers
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