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WHAT IS PERSONAL ACCOUNT
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Answer / jyothirao
it contains persons accounts like debtors or creditors for
example:giri, bank and the rule of this account is debit
the receiver & credit the giver
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I am company prasnal software use to accounting all the
Question
write the answer.
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Answer / rajnish kumar
Personal account are the accounts of with whom the business is required to deal with
Eg--
suppliers
customers
lenders
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Answer / aziz
Debit the account of the person who receives something and credit the account of the person who gives something...
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Answer / alice
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. 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
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Answer / seraj alam
If any person receiving or paying the money for the saling or purcahsing of goods and services in the business,those persons comes under the personal accounts.
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Answer / kamal
all those accounts that are related
to an individual, a company, a firm,
clubs, enterprises, etc are
categorized under personal
accounts..... As we can say Mohan's
a/c , tata motors' a/c , devils' club
a/c, n many more.....
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Answer / suubhashh
Personal account means it is related to personal &
impersonal it is operation both accounts
personal means person related accounts
example like mohan ,usha , madhu.etc
impersonal account means it is related to company
example like bank, supplier,customer, capital
Rules of the personal accounts
Debit the receiver
credit the giver
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Answer / hamed
a personal accont is account which is personal and is not
used to tell anyone
example:your secret diary is personal
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suppose as a company i have to pay rennt to tennant but not paid it means payable so how can ipass the entry in tally is any another rent a/c under another head required to create.
What do you mean by domestic expenses?
How is the Cost of Goods Calculated????
what is the difference between Income and Receipts
What are the principles of Accounting
what you mean by landed cost?
What is AR, AP, what transctions comes under this.
Where we show the Contingent Assets.
what is pre post expenses
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Hai i am mathi Preparing for bsrb clerical examinations.If anybody had that please mail me at mathiy@rediffmail.com
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