asked 21.5k views
1 vote
What is a real account?

1 Answer

4 votes

Answer:

A real account is an account that will not close at the end of the considered year. So apparently, balances in real accounts are carried over to become the the start of balances of the next year/period. Real accounts are also permanent accounts.

answered
User Mukesh Takhtani
by
8.0k points

No related questions found

Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.