Kamal's account, Mala's account, Sharma's accounts are example of _____________.

Artificial or legal persons personal 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 B Natural persons personal account
Accounts recording transactions with a person or group of persons are known as personal account. These accounts are necessary, in particular, to record credit transactions. Natural, Artificial and Representative are various types of personal accounts.
Natural personal accounts is an account recording transactions with an individual. For e.g. Kamal's account, Mala's account, Sharma's account. Both males and females are included in it.

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