Based on natureEdit. An account may be classified as real, personal or as a nominal account. Example: A sales account is opened for recording the sales of goods or services and at the end of the financial period the total sales are transferred to the revenue statement account (Profit and Loss Account or Income and Expenditure Account).
A biofuel is a gas, liquid, or solid from natural sources such as plants that is used as a fuel. Biofuels can be mixed with conventional fuels. COBUILD Advanced English Dictionary.
Biofuels are liquid fuels that have been derived from other materials such as waste plant and animal matter. The two main types of biofuels currently in production in Australia are bioethanol and biodiesel. Bioethanol is used as a replacement for petrol and biodiesel is used as a replacement for diesel.