Interested to Buy Any Domain ? << Click Here >> for more details...
what is representative personal accounts??
explain with examples...
- 11 Answers
- 68233 Views
- Capital IQ, TATA, I also Faced
- E-Mail Answers
Answer Posted / bhumi
When an accountrepresents a particular person or group of persons ,it is termed as a representation personal account.
For example ,if the salaries for the month of December r not paid to employees,the amount payable to these employees will be added and put under one common title -salaries outstanding account.this account represents the accounts of all the persons to whom salaries have to be paid . Therefore it is termed as representative personal account.
| Is This Answer Correct ? | 9 Yes | 1 No |
Post New Answer View All Answers
Financial Accounting
Recall a time when you faced a dissatisfied and aggressive customer. How did you handle it?
What are time sheets? How are they maintained?
EXPLAIN EACH SECTION PROVISIONS ON TDS?
One Institute, after completion of course not issue any certificate to students, they issued certificate from other branded institute with cost (Kindly provide the term of this expenditure to appear in P&L a/c)
WHAT IS OPERATING CYCLE?
one bank account transaction example ebanking raj medical 500000 dr. second bank account ebanking raj medical 500000 cr what is the entry in tally erp can it is contra contry or not please explain
What is an interest rate swap
what accounts payable applications are your familiar with?
Tell me what are the key tasks for account executive?
Do is it proper fo an engineer to head a bank without a good backgroud in accounting? ?
how to see reoprt of miro booking in SAP FI
What are the fictitious assets?
Tell us what is a cpa?
Which steps in Procurement to Pay process does FI documents get created.
