WHAT IS PERSONAL ACCOUNT
- 39 Answers
- 59129 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
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 |
what is the difference between share and debenture
Interest earned on investments is an__________
TDS RECEIVED WHERE WE HAVE TO SHOW IN BALANCE SHEET
What is the difference between Capital Reserve and Reserve Capital?
26 Answers Agarwal Associates, Brigade, College School Exams Tests, Firm, Microsoft, TAHDCO,
Transfer nett profit of Rs 325000/- to Reserves and Surplus
While we are bringing our machinery items to factory through a vehicle from other state to Andhra pradesh, is this correct to send our own state way bill along with the other state way bill.
ATTENTION PLEASE.All the answer posterors will be sent the complte key on the questions if requested thru mail id Answered but misspelled pl correct Happening as a consequence of transaction the reult is(Ans- TNEVE)
What is mean by BRS?
What Is Fundamental Analysis?
what is the difference between tally9.0 and tally9.1 version
what is mean by credit sales?
4) What is Journal Entry of 1) Credit Sales. 2) Credit sales with Discount. 3) Credit sales with VAT. 4) Outstanding Rent paid. 5) Credit Purchase. 6) Out standing wages paid. 7) Bank over draft 8) bank charges 9) Dishonor check
9 Answers Accenture, Genpact, Wipro,
Audit 
