Real Account

Ledger

MS: Akaun Nyata · EN: Real Account · ZH: 实账户

Meaning

A real account is an account that records the assets of a business, whether non-current or current assets. Examples include land, buildings, motor vehicles, cash and inventory accounts. The balances of these accounts carry forward from one accounting period to the next and are reported in the statement of financial position.

Example

Example: The Motor Vehicle Account shows a balance of RM40,000. This is a real account and its balance is carried forward to the next accounting period as a non-current asset.

Source: DSKP KSSM Prinsip Perakaunan Tingkatan 4

Other terms in this chapter

All terms →