wiz-icon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

Which one of the following is an example of personal account?

A
Capital account
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
B
Building account
No worries! We‘ve got your back. Try BYJU‘S free classes today!
C
Cash account
No worries! We‘ve got your back. Try BYJU‘S free classes today!
D
Investment account
No worries! We‘ve got your back. Try BYJU‘S free classes today!
Open in App
Solution

The correct option is A Capital account
A personal account is an account for use by an individual for that person's own needs. Capital account is representing owner of the business, a person or organisation. Examples of personal account are: Debtors, creditors, banks, capital, drawing, outstanding/prepaid accounts.

flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Balance of Payments
ECONOMICS
Watch in App
Join BYJU'S Learning Program
CrossIcon