Real Accounts Are Those Accounts with Balances That Are Brought

question 79

True/False

Real accounts are those accounts with balances that are brought forward to the next accounting period.

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Definitions:

Issued Shares

The number of shares that have been allocated to be sold and are held by shareholders, including both public investors and company officers or insiders.

Treasury Shares

Stocks that were issued and later reacquired by the issuing company, reducing the amount of outstanding stock on the open market.

Contributed Surplus

An account on the shareholders' equity section of the balance sheet that represents the excess amount investors paid over the par value of the shares.