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

Capital account

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Building account

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Cash account

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Investment account

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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.

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