What is personal account?

Answer Posted / meenakshirani

These accounts show the transaction with customers,
suppliers and the Bank and the Owners. A business may have
any credit transactions with the other firms.
Example: purchase goods from Rahul with cash
amount = 10000/-

Is This Answer Correct ?    12 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

What is an over accrual?

623


Debit Card Come Under Which group in Tally 9?

1470


What are trade bills?

759


cash credit taken from bank then what is the general entry?

1573


what is revenue recognition rule, and can you specify the answer.

1306






What is "deposit in transit"?

795


Explain miscellaneous expenditures & profit and loss account debit balance

607


i WANT TO KNOW WHAT IS THE INTEREST RATE IF WE CAN NOT PAY THE DEPOSIT SALE TAX AMOUNT WITH IN PERIOD

1404


how to pass entry in tally for Interest received on sweep credited to saving a/c? In what group it should be come

9686


What are the two most important Factor that should be kept in mind when there is a buy back of shares in companies as per indian companies act,1956

1641


can any one tell what is the selection proces in cognizant for MBA finance

6526


what is the Differed Tax Liability & How it is calculate ?

1975


How did you chose your university?

622


i have pay to 250000 excise duty so i ask to all how can maintain entry in tally ?

1306


How use Budget in SAP, i want to see the report of variant between budget and actuals.

1426