what type of account is interest? real/personal/ natural
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Answer:
I think personal brooooooooo
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Explanation:
personal account
Bank account is an example of personal accountand not nominal account. All the accounts related to an individual, a firm or a company are termed as a personal accounts. Hence, bank account is an example of a personal account.
natural account
Natural Account - An Oracle term that identifies the segment used in identifying the accounting classification of the transaction as an asset, liability, fund balance, revenue or expense
real accounts
Interest and Bank are Nominal account and Real Account. The Golden rule to be applied is: Debit what comes into the business. Credit the income or gain.
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