Accounts which represent a certain person or group of persons are termed as ___________________.

Artificial or legal persons account

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Natural persons personal account

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Representative personal accounts

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Any of the above

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Solution

The correct option is C Representative personal accounts
Representative Personal Accounts are accounts which represent a certain person or group of people. Accounts relating to outstanding and prepaid items are called representative personal accounts. For example, prepaid insurance, outstanding rent, outstanding wages/salaries etc. Outstanding salaries is one such account.

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