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Masja [62]
3 years ago
9

What is a real account?

Business
1 answer:
olga_2 [115]3 years ago
4 0

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.

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