Question

state the meaning of real account?​

Answer 1

Answer:

meaning of real account

Explanation:

an account dealing with the material assets of a business, such as its property.

Answer 2

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.