Question

Classify the following into three types of personal accounts:- (3)

i) Capital Account ii) Tata Steel Company iii) Debtors Accounts

iv) Bank Account v) Outstanding Expenses Account vi) Haryana Education Board​

Answer 1

Natural Personal Accounts = Capital Account, Debtors Accounts

Artificial Personal Accounts = Tata Steel Company, Bank Account, Haryana Education Board​

Representative Personal Accounts = Outstanding Expenses Account