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What is a real account?

User Oftedal
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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

User Jamiebarrow
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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.

User Shevchenko Viktor
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