Please answer with reason for all why the option is correct and why the other options are incorrect.... Accounting type Question: Prepaid rent is associated with: A. Nominal account B. Personal account C. Tangible real account D. Intangible real account E. Representative personal account

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A:

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Bookkeeping

Bookkeeping is the process of recording the financial transactions of a company on a regular basis. With the process of bookkeeping, companies can track important financial information that helps management in making crucial decisions.