Accounts in which the balances are carried over from one accounting period to the next are called:
A) real accounts.
B) nominal accounts.
C) temporary accounts.
D) zero accounts.

Question

Quizplus · Accepted Answer

Real accounts, also known as permanent accounts, have their balances carried over from one accounting period to the next. These include asset, liability, and equity accounts.

Accounts in Which the Balances Are Carried Over from One