What is personal account, Accounting Basics

Personal Account is an account for use by an individual for their own requirements. It is a relative term to distinguish the said accounts from those accounts for corporate or business use.

 

Posted Date: 4/2/2013 1:31:05 AM | Location : United States







Related Discussions:- What is personal account, Assignment Help, Ask Question on What is personal account, Get Answer, Expert's Help, What is personal account Discussions

Write discussion on What is personal account
Your posts are moderated
Related Questions

Q. Income statements - Service and merchandising company? We evaluate the main divisions of an income statement for a service company with those for a merchandising company. To

what is accounting

Q. Explain about Gross margin method? The steps in computing ending inventory under the gross margin method are - Estimate gross margin based on net sales using the similar

Assignment on Generally Accepted Accounting Principles

Q. Underlying assumptions or concepts of accounting? The major underlying assumptions or concepts of accounting are (a) business entity (b) going concern (continuity) (c) money

Compensation for the uncertainties inherent in supply and demand

Q. Show Debit and Credit column? - Debit column. In the debit column the sum of the debit is on the same line as the title of the account debited. - Credit column. In the cr

Cash  Flow Analysis:   As per the Institute of Cost and Works Accountants of India (AICWAI), a Cash Flow Statement is a declaration setting out the flow of cash under different

difference between credit and debit