Joint life policy account is a _________.

Nominal A/c

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Real A/c

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Personal A/c

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Suspense A/c

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Solution

The correct option is B Real A/c
Real account is the impersonal account real account.
Tangible assets A/c, cash A/c and joint life policy A/c are also real A/c.
It is a financial policy taken partnership firm.

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Joint life policy account is a _________.

The correct option is B Real A/cReal account is the impersonal account real account. Tangible assets A/c, cash A/c and joint life policy A/c are also real A/c. It is a financial policy taken partnership firm.

The correct option is B Real A/c
Real account is the impersonal account real account.
Tangible assets A/c, cash A/c and joint life policy A/c are also real A/c.
It is a financial policy taken partnership firm.