real account

A ledger account for certain types of property (e.g. land and buildings, plant, investments, stock) as opposed to a nominal account for revenue or expense items (e.g. sales, motor expenses, discount received, etc.). This distinction is now largely obsolete and both sets of accounts are maintained in the same ledger, usually referred to as the nominal ledger

Accounting dictionary. 2014.

Look at other dictionaries:

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