Is bank account a real account

Yes, a bank account is considered a real account in accounting. Real accounts, also known as permanent accounts, are general ledger accounts that do not close at the end of the financial year. Instead, their balances are carried forward to the next accounting period. Key characteristics include:

• They represent assets, liabilities, or equity on a balance sheet.
• The "Golden Rule" for real accounts is to debit what comes in and credit what goes out.
• Since a bank account represents a business asset (cash at bank), it remains open for the company's lifetime.