Question

Personal and impersonal account

Answer 1

Answer:

Accounts which are not held in the name of person are known as impersonal accounts. Any account other than personal account being classified as real account or nominal accounts is known as impersonal account.

Explanation:

Impersonal accounts are all accounts other than the personal accounts. They can further be categorized into Real Accounts and Nominal Accounts. Real Accounts: ... Examples of Real Accounts include Building, Furnitures & Fixtures, Vehicles, Inventory, Cash etc.

Answer 2

Answer:

Impersonal accounts are all accounts other than the personal accounts. They can further be categorized into Real Accounts and Nominal Accounts. Real Accounts: ... Examples of Real Accounts include Building, Furnitures & Fixtures, Vehicles, Inventory, Cash etc.