Balance sheet accounts are described as permanent or real accounts because at the end of the accounting year the balances in these accounts are not closed. Instead, the end-of-the-accounting-year balances will be carried forward to become the beginning balances in the next accounting year. (This is different from the income statement accounts, which begin each accounting year with zero balances.)
The balances in the balance sheet accounts are presented in a company's balance sheet, which is one of the main financial statements.
It will be helpful to keep in mind that every adjusting entry will require at least one balance sheet account and one income statement account.
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