Real Accounts, Real Accounts Examples

Real Accountants:  

                       Accounts relating to properties or assets of a trader are known as real accounts. It includes tangible assets such as buildings, furniture’s cash etc.., and also intangible assets such as goodwill, Trade marks etc…,   

When Assets comes into the firm         Debit        When Assets goes out of the firm            Credit                           (Debit what comes in) (Credit what goes out ) Eg: - Machinery, Furniture, goods

Real Accounts:

a) Received cash from Sivaram Rs.1600

    This transaction is influenced by two a/c’s Real & Personal a/c’s

                 Cash a/c …..Dr

                          To Sivaram a/c……Cr

b) Purchased furniture from Sumalatha traders for Rs.30000

     This transaction is influenced by two a/c’s Real & Personal a/c’s

                   Furniture a/c….Dr

                      To Sumalatha traders a/c……Cr           

c) Purchases machinery for cash Rs. 16000

     This transaction is influenced by two Real a/c’s

                   Machinery a/c…Dr

                       To Cash a/c…….Cr

d) Cash paid to Sivaramakrishna & Company, for Rs.900

     This transaction is influenced by Real & Personal a/c’s

                  Sivaramakrishna & Company a/c…Dr

                       To Cash a/c…….Cr