real accounts

noun [plural]

Definition

› 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 noun from the Cambridge Business English Dictionary © Cambridge University Press)

Focus on the pronunciation of real accounts