Accountancy, asked by FahrinShaikh, 11 months ago

State the meaning of Real Account​

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Answered by navyaa39
3

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.

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