Answer / rajesh

accounts there are 3 types, personal,real,nominal.
personal : credt the giver
debit the receiver
real : what comes in debit
what goes out credit
nominal : all expenses debit
all income credit

Answer / rajinder dhawan

Personal Account is related to Double Entry Rules System

i.e Below:

Dr. Who is Receiver

Cr. Who is giver.

Example:

Dhawan purchase the goods from Rajinder of Rs.5000 in 10%
trader discount on credit Sale.

Purchase A/c Dr. 4500 ( What comes in Debit)

To Rajinder Cr. 4500 ( Who is giver)

Answer / shoukath

the accounts relating to persons or firms called personal
accounts

Answer / rajesh jha (+919958436171)

The Prasonal Account is indicat The all Individule
Parshan 'Lick Rame A/c, Mohan A/c HDFC Bank A/c Etc..
Formula of p A/c



.debit the receiver ...........
And
credt the giver

Answer / 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

Expand---------PDCB

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I have a existing Oracle applicttions and need to bring one of the new business on it. The new business will use GL, AP and FA. We will use existing COA. This business will have 3 sets of books (1- tax book, from April to March; 2- Primary book, from July to June; 3- Reporting book, from July to June); All books will have same currency; HOW DO I TRANSFER DATA FROM PRIMARY BOOK INTO TAX AND REPORTING BOOKS EVERY MONTH OR ON WEEKLY? IS THERE ANY STANDARD ORACLE PROCESS WHICH CAN BE SCHEDULED? THE REPORTING BOOK WILL HAVE DIFFERENT DEPRECIATION METHOD SO HOW DO I NOT TRANSFER DEPRECIATION FROM PRIMARY TO REPORTING BOOK AND DO SEPERATE DEPRECIATION IN REPORTING BOOK FOR THE SAME ASSET THAT IS ALSO IN PRIMARY AND TAX BOOK?. HOW DO I APPROACH ON SETTING THESE NEW SETS OF BOOKS? Thanks, KK

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