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Answer Posted / pradeep gunuguntla
The account which deals with persons are called personal
account.
Eg; pradeep A/c , chandu A/c, sreenivasa & co A/c
Formula : Debit the receiver
credit the giver
Personal accounts are 3 types:
1) Natural personal A/c
2) Artificial personal A/c
3) Representative personal A/c
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