Accountancy, asked by rohitrajanrawat, 1 month ago

Loan is a
personal account​

Answers

Answered by shraddhagulve1234
2

Answer:

Loan account is a representative personal account, as it represents the person from whom the loan is obtained or to whom the loan is given. Hence, it is classified as a personal account.

Answered by patilprateek317
1

Explanation:

Yes,

Loan is a private account, because it represents the person from whom the loan is obtained or to whom the loan is given.

Hope, it's help you.

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