wiz-icon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

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

A
Artificial or legal persons account
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
B
Natural persons personal account
No worries! We‘ve got your back. Try BYJU‘S free classes today!
C
Representative personal accounts
No worries! We‘ve got your back. Try BYJU‘S free classes today!
D
Any of the above
No worries! We‘ve got your back. Try BYJU‘S free classes today!
Open in App
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.


flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Introduction
ACCOUNTANCY
Watch in App
Join BYJU'S Learning Program
CrossIcon