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.
Biofuel is made up of hydrocarbons. The key difference between Biofuel, and Fossil fuel: 1  Biofuel is a renewable form of energy because it is obtained from organic matter that is abundant and forever being re-created in short time frames. 2  Biofuels are derived from biomass formed through a process of carbon fixation.iofuel is made up of hydrocarbons containing the embodied energy of the organic matter and can be used as a fuel source. A Biofuel is derived (usually) from once-living organisms. The hydrocarbons released from this process are rich in energy.