what is account of a bank or a person and types of account
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A bank account is a financial account maintained by a bank or other financial institution in which the financial transactions between the bank and a customer are recorded. ... Funds can be withdrawn from loan accounts.
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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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