A real account is a balance sheet account.
Balance sheet accounts are not zeroed out at the end of the month. We say they are real because they endure from month to month, year to year. Examples of real accounts are cash, accounts receivable, accounts payable, common stock, and paid in capital.
Sign Up to Learn More!
Join our mailing list today to get notified of new discount offers, course updates, Roger CPA Review news, and more!