Question

what are the types of Accounts? explain its features. economic assignment​

Answer 1

Answer:

5 Types of accounts

1. Assets.
2. Expenses.
3. Liabilities.
4. Equity.
5. Revenue (or income)

Explanation:

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Answer 2

Answer:

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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