What is personal account?

Question Posted / nandu

3 Answers
7198 Views
I also Faced
E-Mail Answers

Answers were Sorted based on User's Feedback

What is personal account?..

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

What is personal account?..

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

What is personal account?..

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

Post New Answer

More Banking Finance Interview Questions

Is credit card integration with payment gateway make business fast.

1 Answers TATA,

Name the highest literary award given in India?

0 Answers IBPS,

What are subordinated debt?

5 Answers Capital IQ,

What Is A Call Option?

0 Answers

Hi to all Q: how you will evaluate yourself in excel if any the range one is worst and five is excellent. Mail if you know the answer to imaanbalu@gmail.com

0 Answers Barclays,

Name some acts governing Banking Operations?

0 Answers RBI,

In case if someone forgets his id and password, what to do?

0 Answers

Which was the regulatory authority before SEBI?

0 Answers SEBI,

What do you understand by NEFT? Is it safe?

0 Answers State Bank Of India SBI,

What points are covered in the 'annual financial statement'?

0 Answers

How far are the different government schemes useful to the poor?

0 Answers State Bank Of India SBI,

Types of Merging?

5 Answers

For more Banking Finance Interview Questions Click Here