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Question
Which of the following is an example of personal account?
Which of the following is an example of personal account?
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Solution
The correct option is C Creditor
These accounts are
related to individuals, firms, companies, etc. A few examples of personal
accounts include debtors, creditors, banks,
outstanding/prepaid accounts, accounts of credit
customers, accounts of goods suppliers, capital, drawings,
etc.
These accounts are related to individuals, firms, companies, etc. A few examples of personal accounts include debtors, creditors, banks, outstanding/prepaid accounts, accounts of credit customers, accounts of goods suppliers, capital, drawings, etc.
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