real accounts

real accounts real accounts account1

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real accounts UK US noun [plural]
ACCOUNTING a company's accounts relating to assets, liabilities (= what it owes), and capital. Amounts of money in these accounts at the end of one accounting period are moved to the beginning of the next one: »

The principle rule for real accounts is that whatever comes into the firm is debit and whatever goes out is credit.

Compare NOMINAL ACCOUNT(Cf. ↑nominal account)

Financial and business terms. 2012.

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