real accounts are related to?
Answers
Answer:
A real account is a general ledger account that does not close at the end of the accounting year. In other words, the balances in the real accounts are carried over to become the beginning balances of the next accounting period. Real accounts are also referred to as permanent accounts.
Explanation:
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Real accounts are related to?
The correct answer is :
Asset
Reals accounts are related to __Asset__
Explanation :
Reals accounts are related to Asset.
Real Accounts are those accounts which are related to an asset or property.
Whatever the asset is, a separate real account is created for that asset. Whatever the type of property, be it movable or immovable property, machinery or building. All assets have separate real accounts and all those accounts are classified into tangible asset account or intangible asset account.
Tangible real accounts represent assets that are physical assets, such as buildings, land, machines, cash, etc.
Intangible real accounts are accounts that cannot be seen, touched or felt. For such intangible assets.
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