what is Representative personal account and give some examples
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For example, Bank of Baroda, Oriental Insurance Co, Representative Personal Accounts: These accounts represent the accounts of natural or artificial persons. When the expenses become outstanding or pre-paid and incomes become accrued or unearned, they fall under this category.
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Answered by
1
Answer:
example, Bank of Baroda, Oriental Insurance Co, Representative Personal Accounts: These accounts represent the accounts of natural or artificial persons. When the expenses become outstanding or pre-paid and incomes become accrued or unearned, they fall under this category.
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