Real accounts are
A)Not shown on the balance sheet.
B)Another name for permanent accounts.
C)Income statement accounts.
D)Another name for temporary accounts.
E)Closed at the end of the accounting period.

Question

Quizplus · Accepted Answer

Real accounts are another name for permanent accounts, which are accounts that are not closed at the end of the accounting period and carry over to the next period. Examples of real accounts include asset, liability, and equity accounts.

Real Accounts Are