WHAT IS PERSONAL ACCOUNT
Answers were Sorted based on User's Feedback
Answer / sridharan.v
All accounts which are related to persons are called
personal account. Eg:ramu's A/c, sridharan's A/cEtc...
Bank A/c is also a representative Personal A/c.
Is This Answer Correct ? | 130 Yes | 18 No |
Answer / ramesh babu
Debit the Receiver, Credit the Giver that is personal
account.
Is This Answer Correct ? | 113 Yes | 19 No |
Answer / fareen
personal:- this word has made from person, every account
which is attached with a person is personal account. like
bank account,ram's account,mohan's account
Is This Answer Correct ? | 112 Yes | 36 No |
Answer / shaiju.s
"PERSONAL ACCOUNT IS AN ACCOUNT WITH DEBIT THE RECIVER &
CREDIT THE GIVER "
Is This Answer Correct ? | 62 Yes | 10 No |
Answer / r.sumithra krishnan
An account which mentions a particular person and debit
the receiver and credit the giver. it also depicts the
creditors and debtors for personal account and it also
tells about concern.
Is This Answer Correct ? | 49 Yes | 12 No |
Answer / babul kumar singh
debit the reciver and credit the giver
Is This Answer Correct ? | 16 Yes | 2 No |
Answer / nick sio
A personal a/c is one which represents a person or an
organisation in accounting.
Is This Answer Correct ? | 15 Yes | 1 No |
Expand-------MUR
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Vehicle repairs were made on the insured vehicle Rs 25000/- on 20-1-2009. Insurance claim for Rs23000/- was received on 1-2-2009. Pass entries for both the occassions