1. What is Accounts of Non-Trading Institution, Individuals

What is Accounts of Non-Trading Institution, Individuals?

Non-trading institutions, such as government agencies and non-profit organizations, typically have accounts similar to those of businesses, such as checking and savings accounts. These accounts are used to manage the institution's financial transactions and funds. Individuals also have accounts such as checking, savings, and investment accounts. These accounts are used to manage personal finances and savings.