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WHAT IS THIS ACCOUNT

Answer Posted / sonali

There are 3 diff. types of accounts: Personal, Real and
Nominal.


The word account is used in various ways.
Eg: Person opening a saving accnt in a bank.
A retailer opens an account with wholeseller and vise versa.
A firm maintainig various accounts: cash accnt, P/L accnt ,
trading a/c etc.


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