What are real accounts?

Real accounts are books of books in the system of accounting of the company that relate to tangible assets and obligations such as ownership of assets or due debt. All book accounts are classified as real, nominal or personal. Real accounts are considered permanent accounts because their balance at the end of the year transmits to the company's balance sheet instead of being reset by debit and credit records. Four types of actual accounts are assets, commitments, reserve and capital. Accounting is an integral part of the financial accounting system that determines conventions and standards that jurisdiction accepts to normalize reporting within its trade and financial industry. Most accounting systems use account slate that are classified as actual, personal or nominal, and then record transactions according to these classifications through the double accounting process. Each transaction is recorded twice, with credit on one side of books and de debet on the other.

actual accounts are those accounts that correspond to items that the company owns or obligations that must pay, which include assets, liabilities, reserves or capital posts. These items are transmitted from year to year because the company does not issue every year of all its assets, nor is it even worthwhile all its debt. Nominal or temporary accounts are the opposite of actual accounts. These accounts represent the tides of cash and at the end of the year they are forced through a double debit loan record, such as profit accounts and losses and accounts of expenditure and earnings. Personal accounts represent amounts due or owed to people or entities.

Every year, the company produces a financial statement from the company's books, sometimes as part of an independent audit. One of the most important generated statements is the balance sheet. This statement represents a picture of the financial situation of a companyThose at the moment, which may be the end of his fiscal year. The balance sheet represents the financial equation and its settings correctly allows the company to determine how many assets, obligations or equity. Categorization of accounts as actual, nominal or personal allows accounting to involve the correct numbers to the correct places in the balance sheet to reflect the status of the company.