what is representative personal accounts??
explain with examples...

Answers were Sorted based on User's Feedback



what is representative personal accounts?? explain with examples.....

Answer / raghupathi vengala

The Accounts in which indirectly deals with the persons is
called Representative Personal Accounts.
Eg: groups, Dwakra Groups, Sharemulla etc..

Is This Answer Correct ?    18 Yes 31 No

Post New Answer

More Accounting General Interview Questions

Difference between reserves for bad debts & provision for bad debts.

6 Answers   HSBC, NRN Business solution, Siemens,


tds,pf,esi,edcation.callculation, and salary preparation

3 Answers  


Do you know what is double-entry accounting? Explain with an example?

0 Answers  


What is a bank account balance?

1 Answers   Accounting, ICICI,


What Is Depreciation, and from which date do we charge Depreciation for an asset ?

1 Answers   EDS,






hi to all what is the usage of legal enitiy in oracle apps r12. its functions. and why it is necessary plz answer my question as soon as possible

1 Answers  


Briefly explain the difference between receipt & payment and income & expenditure account.

3 Answers  


what is the difference between trial balance and the balance sheet.?

1 Answers   CTS,


HI, i was given only 1st round and i made it through the first round, then was sent for the final HR round.In the HR round the HR manager dint ask me a single question of the related job,all he asked was as following:- i)what are your salary Expectations ii)are you ok to do night shifts.then he thanked me and said he will let me know by 2 days,when i asked him for any feedbacks and suggestions he said that he will let me know only after 2 days.SO please help me what shall i expect from this one of a kind interview. Many thanks in advance.

0 Answers   Franklin Templeton, TTC,


What are the characteristic features of financial accounting?

0 Answers  


interest on drawing will fall under which group in tally?

5 Answers  


Please answer me for the followings 1. i taken an office on January @ rent 28000.00 for one year and i paid 14000.00 as first payment balance will be paid on august. in tally how we post this and under which account especially balance 14000.0 under which account. 2.i have taken a loan from mr. A the amount is 100000.00 on January and the interest i need to pay on march 21000.00 the interest which iam going to pay is liability not a expense and it will be a expense in future, how we can post this also in tally and under which account. please somebody guide me who knows regards niyas es

0 Answers  


Categories