English, asked by henishahenisha79, 4 days ago

what is meant by personal account in accountancy

Answers

Answered by rohitsingh9014

1

Answer:

Ledger accounts that contain transactions related to individuals or other organizations with whom your business has direct transactions are known as personal accounts. Some examples of personal accounts are customers, vendors, salary accounts of employees, drawings and capital accounts of owners, etc.

Previous Question

Next Question

Similar questions

Math, 2 days ago

What is the full form of cm????

Biology, 2 days ago

what is sorrow????????

English, 2 days ago

ideas 8. We sat for the and next brainetamed talent show. ande orange concrete or abstract noun ...

Hindi, 4 days ago

हमदर्दी जताना मुहावरे का अर्थ ...

Political Science, 4 days ago

Assertion (A) :ZillaParishad is the top tier of the Panchayati Raj at the district level. Reason(R): It works under the overall supervision of the Gram Sabha...

Math, 8 months ago

A cement company earns a profit of Rs 8 per bag of white cement and a loss of Rs 5 per bag of grey cement sold. A company sells 3000 bags of white cement and 5000 bags of grey cement. What is its profit or loss?

Chemistry, 8 months ago

Molecule having both polar and non-polar bonds PCls H20 N2H4 CO2...

English, 8 months ago

some nouns can be changed into adjective by removing 'y'and 'ic' in the end...