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Question

An account recording financial transactions with an artificial person created by law or otherwise are termed as _______________.

A
Artificial or legal persons account
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B
Natural persons personal account
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C
Representative personal accounts
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D
Any of the above
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Solution

The correct option is A Artificial or legal persons account

Artificial or legal persons Account - An account recording financial transactions with an artificial person created by law or otherwise is called as an Artificial personal Account.

E.g. Co-operative society account.


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