- real accounts real accounts ➔ account1
* * *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.
Financial and business terms. 2012.
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