Nature of account

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Querist : Anonymous (Querist)

05 October 2013 if bank a/c is a personal a/c then why does cash a/c is a real a/c?

CA Vijeta Verma

CA Vijeta Verma (Expert)
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06 October 2013 bank account is opened in the name of a person or organisation that is why it is a personal account.
Under real account category assets(tangible and intangible both) are placed.so,cash is a real a/c by its nature.
Think from a company's point of view.If you are thinking of your personal cash then accounting is not concerned with your personal cash

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