Question

what is real account​

Answer 1

Explanation:

Real accounts are those that are not closed in the end of an accounting year. The real accounts are reported in the balance sheet. A balance sheet is the summary of assets, equity and liabilities of the business.

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.

Explanation:

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