Real Accounts
These can be tangible (i.e. can be touched and seen) or intangible (i.e. cannot be touched and seen). As a result they are further divided into:
1. Tangible Real Accounts. These accounts relate to things that can be touched, felt, measured etc. such as Cash Account.
2. Intangible Real Accounts. These accounts relate to things that cannot be touched but can be measured in terms of money, such as a Patents Account
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