Meaning of “real accounts” in the English Dictionary


"real accounts" in Business English

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real accountsnoun [ plural ]

uk us

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.

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