Answer Posted / ammu
A personal account is an account for use by an individual
for their own needs. It is a relative term to differentiate
the said accounts from those accounts for corporate or
business use. The term "personal account" may be used
generically for financial accounts at banks and for service
accounts such as accounts with the phone company, or even
for e-mail accounts.
Is This Answer Correct ? | 2 Yes | 0 No |
Post New Answer View All Answers
What are mis reports and how do you prepare it?
Define trade bills?
we have registered to MCCIA(Maratta Chember of Commerce Ind & Agri.).They given a Tax Invoice against this registration with charging service tax@10.3%.can we take credit of this service charge ?
What are the advantages of computer accounting over paper accounting?
Differentiate accounting and auditing?
My question is that can i taken input credit of service tax of telephone bill & courier bill & labour contractore bills in exemption Area.
What is the difference between costing and cost accounting?
Tell us what inspired you to move to the next opportunity?
If a promoter has purchased an asset on behalf of the company before the incorporation of the same then what will be the accounting treatment to record the asset in the books of company
What is the difference between personal account real account and nominal account?
What are the disadvantages of double entry system?
What are the 4 phases accounting?
What are mis reports?
April-25 Paid to Mr. Y in full Settlement by Cheque Rs. 4800. April-26 Received a cheque from Mr. B in full settlement Rs. 4900.
what is the deference between depreciation explanation