WHAT IS PERSONAL ACCOUNT
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Answer / sanjay
The A/c Which represent person or organization is known as
Personal Account
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Answer / jaina valani
Golden rule of personal account is DEBIT THE RECEIVER AND CREDIT THE GIVER. There are three types of personal account:-
1. Natural account- created by god
2. Artificial account- created by law
3. Representative personal account- incomplete transactions
| Is This Answer Correct ? | 0 Yes | 1 No |
Answer / deepakverma
what Nominal account.
what is real account.
Rules of Nomial account.
Rules of Real account.
Rules of personal account.
| Is This Answer Correct ? | 0 Yes | 5 No |
debit what comes in, credit what goes out
| Is This Answer Correct ? | 8 Yes | 20 No |
Answer / satyaki_raju@yahoo.com
suganthi madam take a minute to understand the question
The question related to personal account,where as you
simply without taking pains favoured the rule related to
Real account
| Is This Answer Correct ? | 15 Yes | 33 No |
Answer / hannah
A personal account is basically an account recording
entries regarding its creditors or debtors.
A debtors and creditors accounys arre examples of personal
accounts.
| Is This Answer Correct ? | 29 Yes | 50 No |
fd redeem interest and principal entry in tally
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