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What is personal Account?
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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
| Is This Answer Correct ? | 11 Yes | 1 No |
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)
| Is This Answer Correct ? | 6 Yes | 1 No |
Answer / shoukath
the accounts relating to persons or firms called personal
accounts
| Is This Answer Correct ? | 6 Yes | 1 No |
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
| Is This Answer Correct ? | 2 Yes | 1 No |
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
| Is This Answer Correct ? | 1 Yes | 0 No |
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