What is the definition of Real accounts? | Dictionary.net

REAL ACCOUNTS

\ɹˈi͡əl ɐkˈa͡ʊnts], \ɹˈi‍əl ɐkˈa‍ʊnts], \ɹ_ˈiə_l ɐ_k_ˈaʊ_n_t_s]\

Definitions of REAL ACCOUNTS

1910 - Black's Law Dictionary (2nd edition)

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Reserve, liability, capital accounts and assets, which will appear on a balance sheet. Real account balances will not be cancelled at the period end but are instead carried over into the next period.

1910 - Black's Law Dictionary (2nd edition)
By Henry Campbell Black

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