Tag Archives: permanent accounts

Define Real Account

Define Real Account Also known as a permanent account. Includes the balance sheet accounts (assets, liabilities, and owner’s or stockholders’ equity accounts) but excludes the owner’s drawing account, which is a temporary account. Source: http://www.accountingcoach.com/terms/R/real-account.html Or Assets, liability, reserve, and capital accounts that appear on a balance sheet. The balances of real accounts are not cancelled out at the end …

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