why we don't write a/c while making entry in case the account is of a person
for ex Ram Dr
To Cash a/c Cr
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personal a/c
Replies (3)
hi Ram, there is no legal prohibition to not write a/c with a pesonal a/c,, you can write it.
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| Originally posted by :Mayank Gupta | ||
| " | why we don't write a/c while making entry in case the account is of a person for ex Ram Dr To Cash a/c Cr |
" |
B'coz the Person him self is not an A/c. U may write as Ram's A/c and not Ram A/c. Ram is a person not an A/c. In fact the A/c belongs to the Person in whose name it is created. we use Ram's A/c (meaning thereby an A/c that belongs to Ram).
Hope u got the Point.
n Mr. Ankit Pratap Singh this kind of answer is not expected from a student of CA Final. hope u wont mind it.
Regards
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