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English definition of “real accounts”

real accounts

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
(Definition of real accounts from the Cambridge Business English Dictionary © Cambridge University Press)
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