Accounts such as rent, salaries, taxes and auto expenses are called ______________ accounts.
A) functional
B) general business
C) cost analysis
D) distribution
E) natural

Question

Quizplus · Accepted Answer

These accounts are called natural accounts, as they are categorized according to the type or nature of expense. Functional accounts refer to accounts grouped based on their purpose or function (e.g. sales, marketing, production). General business accounts and distribution accounts are not commonly used accounting terms. Cost analysis accounts are used in managerial accounting for analyzing costs.

Accounts Such as Rent, Salaries, Taxes and Auto Expenses Are