Directions: Choose the correct option for the given question.

---------- is termed as 'Technical account' while preparing the final account of an insurance company.

In insurance company accounting, Policyholders' Account is termed as the 'Technical Account'. This is because insurance operations involve technical calculations of premiums, claims, reserves, and actuarial valuations specific to insurance business. Shareholders' Account is the non-technical or general account dealing with investments, income, and expenses not directly related to insurance operations. The technical account focuses on the core insurance business - underwriting income, claims settlement, and policyholder reserves.