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5 votes
What is a real account?

asked
User Oftedal
by
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2 Answers

2 votes

Answer:

Step-by-step explanation:

A real account is a acccount that’s valid until one year

answered
User Jamiebarrow
by
8.0k points
5 votes

Answer:

A real account is a publicly generalized account that does not close at the end of the considered year. Apparently, the balances in real accounts are carried over to become the start of balances of the next period. Real accounts are also permanent accounts.

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