Nature of bank account as per accounting types

Originally posted by : Pavan R
	Whether Bank account is Real account or it is Personal Account?

bank is the personal account as it represent a particular person / a company / firm
 

yes, personal acount

BANK A/C IS A PERSONAL A/C

bank account is a real account in case of depositing & withdrawing of money from bank

and in case of loan taken from bank then bank is a personal account.

Bank account is an artificial personal account

yes, its personal account.

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Someone help me out, Whether the balances with Wallets like paytm,freecharge..etc can be treated as par with balance with bank?