Final answer:
The statement is False. The claim that real (permanent) accounts are revenue, expense, and dividend accounts is false; real accounts consist of asset, liability, and equity accounts, which are not closed periodically.
Step-by-step explanation:
The statement about real (permanent) accounts being revenue, expense, and dividend accounts and that they are periodically closed is false. Real (permanent) accounts consist of asset, liability, and equity accounts, not revenue, expense, or dividend accounts. Revenue, expense, and dividend accounts are actually considered to be nominal (temporary) accounts, which are closed at the end of an accounting period in order to prepare the company for the new period.
It's important to understand that the closing process ensures that income statement and dividend accounts are reset to zero. This allows a company to track the new period's revenues and expenses from scratch. Conversely, real accounts, which include balances for assets, liabilities, and equity, are not closed each period because they carry their ending balances into the subsequent accounting period.