Question

State the type of Accounts.

Answer 1

There are mainly three types of accounts in accounting: Real, Personal and Nominal accounts, personal accounts are classified into three subcategories: Artificial, Natural, and Representative.

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Answer 2

Answer:

There are three types of accounts real, personal and nominal

Explanation:

1.personal accounts

There are the accounts which are related to persons, institutions or companies. Ex.. Bank account, creditor, debtors, drawing account.

2.Real account

It deals with all tangible and intangible of a firm.

3 Nominal account

Account related to expenses, losses, income or gain are called nominal accounts.