Question

16. Prepaid insurance is a which type of account? ਪੇਸ਼ਗੀ ਬੀਮਾ ਕਿਸ ਪ੍ਰਕਾਰ ਦਾ ਖਾਤਾ ਹੈ? O Real Account /ਵਾਸਤਵਿਕ ਖਾਤਾ O Nominal Account / ਨਾਂਮਾਤਰ ਖਾਤਾ O Personal Account/ fantastars 431 O Valuation Account / ਮੁਲਾਂਕਣ ਖਾਤਾ​

Answer 1

Answer:

Types of Accounts – Real, Personal and Nominal Account

Accounting is a process of recording, classifying and summarizing financial transactions in a significant manner and interpreting results thereof. Accounting is both science and art.

For every type of entity, whether it is large in size or small in size, it is very important to have a proper system of accounting for proper management of an entity’s business operations. An accountant must have a good understanding of the terms used in accounting and types of accounts.

Answer 2

Answer:

Answer in the attachment (∩︵∩)