Personal account examples
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
06 December 2011
Brief explaination of Personal Accounts with examples.
06 December 2011
personal account is the account of personal nature, for example Debtors and creditors.
Accounting rule : debit the receiver and credit the Giver.
Accounting rule : debit the receiver and credit the Giver.
17 March 2012
There are two types of personal accounts one is for business transaction and the other for non business transaction. For business transaction the expert has correctly given you the advise and example as regards the personal transaction also the same rule will apply but all accounts shall be in the individual names of the persons say Rajesh, Dinesh etc.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Supply through E-commerce Operators
- Sales return eway bill
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Rent lease agreement
- Relief u/s Section 89
- REGARDING SECTION 44AE
- GST ON DAMAGED GOODS
- STCG....................................................
- Merchant Export Accounting
- GST Rate applicable for 0% Food Items sold by an Industrial Caterer
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
