what are natural personal accounts?give an example
Answers
Answer:
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Explanation:
Natural Personal Accounts: Natural Persons are human beings. Therefore, we include the accounts belonging to them under this head. For instance, Debtors, Creditors, Capital A/c, Drawings A/c, etc. ... Representative Personal Accounts: These accounts represent the accounts of natural or artificial persons.
personal account with example:
Some examples of personal accounts are customers, vendors, salary accounts of employees, drawings and capital accounts of owners, etc. The golden rule for personal accounts is: debit the receiver and credit the giver.
Answer:
Natural Personal Accounts: Natural Persons are human beings. Therefore, we include the accounts belonging to them under this head. For instance, Debtors, Creditors, Capital A/c, Drawings A/c, etc. ... Representative Personal Accounts: These accounts represent the accounts of natural or artificial persons.