Real Account is a most important classification which highlights the real worth of the assets. This is the account principally deals with the transfer of assets.

It is an account which reveals the value and movement of the assets taking place in between the firm and also other parties due to any transactions.

The movement of the assets can be classified into two categories, i.e. the assets which are going out of the firm and the assets which are coming into the firm. The accounting treatment for this account is, "Debit what comes in, Credit what goes out."

"Debit what comes in, Credit what goes out."


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