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Finding Cash Balance

Personal Acco...

Question

Personal Accounts Are Related To _______ .

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Solution

A personal account is a general ledger account, which is connected to all debtors, creditors, firms and associations, An example of a personal account is a creditor account.

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Q. Ledger is the ____ of accounts where similar transactions relating to a particular person or property or revenue or expense are recorded.

Q. _______ is the principal book of accounts where similar transactions relating to a particular person or property or revenue or expense are recorded.

Q. _________ is the principal book of accounts where similar transactions relating to a particular person or property or revenue or expense are recorded.

Q. Accounts which represent a certain person or group of persons are termed as ___________________.

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