Math, asked by shrutikatupere752, 2 months ago

Classify the Bank Loan A/C is​

Answers

Answered by djarodiya1981
88

Answer:

The accounts related to real persons and organizations are classified as personal accounts. ... The business keeps a separate account for each individual and organization for the purpose of ascertaining the balance due from or due to them. Hence, bank loan account is a personal account.

I hope my answer is correct and keep it up

Similar questions