# Permanent account

> Permanent account — A balance sheet account — asset, liability or equity — whose closing balance carries forward as the next period's opening balance.

Source: https://lopifi.com/glossary/permanent-account
Part of: Lopifi — US GAAP books on autopilot, reviewed by a CPA (https://lopifi.com)

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**What is permanent account?** In accounting, permanent account means a balance sheet account — asset, liability or equity — whose closing balance carries forward as the next period's opening balance.

## Also known as

- Real account

## Words this system refuses for it

- balance account

- **Category:** Close
- **Specified in:** [Lexicon](https://lopifi.com/md/docs/domain/11-lexicon)
- **Related:** balance-sheet, liability, account, equity, period, asset