Question

State the types of personal accounts.​

Answer 1

Answer:

Type of Personal Accounts

a. Natural Persons. These accounts relate to natural persons such as Veer's A/c, Ayan's A/c, Karen's A/c etc.

b. Artificial Accounts. These accounts relate to companies and institutions such as Kapoor Pvt Ltd A/c, Booker's Club A/c etc. ...

c. Representative Accounts.

Answer 2

Type of Personal accounts -

• a, Natural persons. These accounts relate to natural persons such as Veer's A/c, Ayan's A/c, Karan's A/c etc.

• b. artificial accounts. These accounts relate to companies and institutions such as Kapoor Pvt Ltd A/c, Booker's Club A/c etc.

• c. Representative Accounts

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