Define the term 'Account'. write the name of types of Account.
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3 Different types of accounts in accounting are Real, Personal and Nominal Account. Real account is then classified in two subcategories – Intangible real account, Tangible real account. Also, three different sub-types of Personal account are Natural, Representative and Artificial.
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Different types of accounts in accounting are
✔ Real
✔Personal
✔Nominal Account
◾Real account is then classified in two subcategories
- Intangible real account
- Tangible real account.
- Also, three different sub-types of Personal account are Natural, Representative and Artificial.
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