After the temporary accounts are closed, only the real accounts have balances.

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Temporary accounts such as revenues, expenses, gains or losses are closed at the end of each accounting period, which means their balances are transferred to the retained earnings or owner's equity account. This process ensures that only the real or permanent accounts (assets, liabilities, equity) have balances that are carried forward to the next accounting period.

After the Temporary Accounts Are Closed, Only the Real Accounts