What is personal account?
Answers were Sorted based on User's Feedback
Answer / sangeetha
personal a/c deals with natural persons,Artificial persons
Natural persons ex:-ram,shyam
Artificial persons ex:-SBI,ICICI.
principal of personal a/c
"Debit the receiver
"credit the giver"
Is This Answer Correct ? | 7 Yes | 0 No |
Answer / ravi
An account opened in the name of a person is called personal
account. Ex.S.Drs, S.Crs. loans&advances. They will appear
only in B/S. Debit the receiver and credit the giver.
Is This Answer Correct ? | 6 Yes | 2 No |
Answer / abhishek rastogi
Personal A/c are those a/c which deal with person(who will be natural Ex. Abhi, Manoj etc. or Artificial Ex. Bank).
The Debitor shows in P/L credit side and the creditor shows in P/L Debit side.
Is This Answer Correct ? | 3 Yes | 0 No |
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