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Give a real example of real account?

example of real account?Rule for real a/c is debit whats come in and credit whats goes out..Example for real a/c.. sales,sales return, purchase return,purchase, goodwill, building, furniture, plant and machinery and asset of business concern..


Is a note receivable a real asset or financial asset?

A note receivable is a Financial Asset.Real Assets are assets that are used to produce a good and/or service. It is also usually something you can touch, land, equipment, supplies, etc.Financial assets are those that deal with the finance of a company.


Are lease obligations financial or real assets?

Lease obligations are considered financial assets or liabilities, not real assets. They represent a contractual obligation to pay for the use of an asset over time, such as property or equipment, rather than ownership of a physical asset itself. In accounting, lease obligations are recorded as liabilities on the balance sheet, reflecting the future payment commitments of the lessee.


Is accounts receivable a permanent account?

Yes it is a real account. Accounts receivable is considered an asset and asset accounts are real or permanent accounts.


What are your best asset and why?

In a business, a "best asset" could be defined as the asset that generates the highest cash flow and offer it a competitive advantage in the marketplace. These could include intellectual and legal entities like a skilled workforce, a premium client list, patents, trademarks, and licenses - these give companies abilities to generate cashflow, abilities that are difficult to copy. These could include specialized equipment and machinery that allow the company to produce goods at low-cost, high quality. These could include real estate, which were bought at a low price but now have high resale value. These could include cash and other highly liquid financial instruments, because of their liquidity in the marketplace. These could include "goodwill," a company's solid reputation and brand recognition in the marketplace.

Related Questions

Is goodwill a real asset?

No, goodwill is not a real asset. There are assets that are cannot be measured directly but in the end, they will make changes to the performance of the enterprise.


Is cash vault a financial asset or a real asset?

real asset real asset


Is cash a financial asset or a real asset?

financial-current asset


Is college education a real or financial asset?

Financial


Is inventory a real or financial asset?

Inventory is a real asset for business for which company use in earning revenue for business.


What are the smilarities between real and financial asset?

www.investopedia.com Real assets: Physical or identifiable assets such as gold, land, equipment, patents, etc. They are the opposite of a financial asset. Real assets tend to be most desirable during periods of high inflation. Financial assets: An asset that derives value because of a contractual claim. Stocks, bonds, bank deposits, and the like are all examples of financial assets. Unlike land and property--which are tangible, physical assets--financial assets do not necessarily have physical worth.


Is cash considered a real or financial asset?

Cash is considered a real asset because it holds tangible value and can be readily used for transactions.


What is the difference between real asset and financial aseet?

fair and ethics


What is the difference between a real asset and a financial asset?

A real asset is a tangible asset like gold or real estate. You can hold it or place your hand on it. It has intrinsic value in and of itself. A financial asset is not tangible. Instead, its existence is "represented by evidence of its existence such as a paper certificate, like money, a savings passbook, a stock certificate, or a bond. The paper in money has no intrinsic value. Its value is derived by virtue of what it represents.


With examples explain the difference between real assets and financial assets?

Real asset: These are used to produce the Firm's product and services. They include Tangible assets such as;MachineryFactoriesVehiclesOffices.Furthermore, real asset includes intangible assets such as;Technical knowledge (intellectual property IP)TrademarksPatents.Financial asset: The firm finances it's investments in real asset by issuing financial assets in the debt market for investors. A share of stock is financial asset which has a value as a claim on the firm's real asset and the income those assets will produce. A bank loan is a financial assetFinancial market: Where stocks, bonds security's are traded or change hands. Investor (shareholder): Who lend the money to the issuer in expectation of profit on investment).Edited by Naren


Is a note receivable a real asset or financial asset?

A note receivable is a Financial Asset.Real Assets are assets that are used to produce a good and/or service. It is also usually something you can touch, land, equipment, supplies, etc.Financial assets are those that deal with the finance of a company.


What are asset baked securities?

Asset backed securities is a financial security backed by a loan, lease or receivables against assets other than real estate and mortgages. For investors, asset backed securities are an alternative to investing in corporate debt.