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WHAT IS PERSONAL ACCOUNT
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Answer / ashok kumar
"PERSONAL ACCOUNT IS AN ACCOUNT WITH DEBIT THE RECIVER &
CREDIT THE GIVER
| Is This Answer Correct ? | 13 Yes | 3 No |
Answer / saba
personal account is called as person who have determined about single account
| Is This Answer Correct ? | 8 Yes | 0 No |
Answer / vikas r todarmal
Debit the Receiver & Credit the Giver
i.e.personal Account
| Is This Answer Correct ? | 7 Yes | 2 No |
Answer / midhun raj pk
In accounting peronal account classified as three, 1.
Natural peronal accountL:its relates to transactions of
human beings like Ram, Rita etc…
2.Artificial (legal) personal account: for business
purpose, business entities are trated to have separate
entity. They are recognised as persons in theeye of low for
dealing with other person. For example: Government,
companies (Pvt or Limited), clubs, co-operative societies
etc..
3.Representative personal account: outstanding liability
account, capital account, drawings account
| Is This Answer Correct ? | 8 Yes | 3 No |
Answer / jassi
Personal accounts are those accounts which represent
persons, whether natural persons like ram; artificial
persons like sham and company a/c or representative persons
like capital a/c, outstanding expenses a/c etc. We can also
say that personal accounts represents PERSONS or
ORGANISATIONS.For e.g. bank i.e. organisation is also an
personal a/c.
| Is This Answer Correct ? | 4 Yes | 1 No |
Answer / saju
PERSONAL ACCOUNT CONSISTS PERSONAL NATURE.THERE ARE DIFFERENT TYPES OF PERSONAL ACCOUNTS
ie,SANAL,SAJU,SURESH.....ARE PERSONAL
LIKE BANK.FINANCIAL INSTITUTIONS.........
SIMPLE SENCE DEBIT THE RECIVER CRDIT THE GIVER ie PERSONAL A/C
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / karthik
Personal a/c is which a/c related to person that is
personal a/c ..debit the recevier
credit the giver
that is golden rules ,,,
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / md sharif alam
Personal Account means relaited to person,Bank,etc.
Exp. Rahim's A/c, Shyam's a/c & Bank A/c.
And use simple word Debit the reciever & Credit the Giver
exp. Rahim's a/c Dr.
To Shyam's A/c cr.
| Is This Answer Correct ? | 2 Yes | 0 No |
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