Answer / rajesh

accounts there are 3 types, personal,real,nominal.
personal : credt the giver
debit the receiver
real : what comes in debit
what goes out credit
nominal : all expenses debit
all income credit

Answer / rajinder dhawan

Personal Account is related to Double Entry Rules System

i.e Below:

Dr. Who is Receiver

Cr. Who is giver.

Example:

Dhawan purchase the goods from Rajinder of Rs.5000 in 10%
trader discount on credit Sale.

Purchase A/c Dr. 4500 ( What comes in Debit)

To Rajinder Cr. 4500 ( Who is giver)

Answer / shoukath

the accounts relating to persons or firms called personal
accounts

Answer / rajesh jha (+919958436171)

The Prasonal Account is indicat The all Individule
Parshan 'Lick Rame A/c, Mohan A/c HDFC Bank A/c Etc..
Formula of p A/c



.debit the receiver ...........
And
credt the giver

Answer / pradeep gunuguntla

The account which deals with persons are called personal
account.

Eg; pradeep A/c , chandu A/c, sreenivasa & co A/c

Formula : Debit the receiver
credit the giver

Personal accounts are 3 types:

1) Natural personal A/c

2) Artificial personal A/c

3) Representative personal A/c

What is the difference between Manufacturing Account and Trading Account?

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