The correct answer is a Personal account. Personal Account: This account is related to persons. Persons can be Natural, Artificial, or Representative. ?Natural Person: e. g. Santosh's A/c, Smith's A/c, Virat's A/c, etc. Artificial Person: Artificial persons like partnership firms, companies, bodies corporate, an association of persons, etc. e. g. XYZ Bank ltd, Charitable Trusts, Schools, LLP, Virat and Company ltd, etc. Representative: Accounts that represent a certain person or a group directly or indirectly. e. g. Salary Payable A/c, Wages Payable A/c, Bills Receivable A/c, Bills Payable A/c, etc. ?Additional InformationThere are mainly three types of accounts- Personal, Real and Nominal Account. Real Account: These account types are related to assets or properties. They are further classified as Tangible real account and Intangible real accounts. For example: Building A/c, Machinery A/c, Cash A/c, Goodwill A/c, Trademark, etc. Nominal Account: These accounts types are related to income or gains and expenses or losses. For example: “ Rent A/c, commission received A/c, salary A/c, wages A/c, conveyance A/c, etc.