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.
Biodiesel, a renewable fuel, is produced from vegetable oils and animal fats by a process called transesterification. It breaks down the molecules of vegetable oils into constituent molecules forming biodiesel as the main product and glycerin as the byproduct.