P1 C2 Dual Effect of Transactions and Types ofAccounts — Account STD 11 Commerce — Question
Gujarat BoardEnglish MediumSTD 11 CommerceAccountP1 C2 Dual Effect of Transactions and Types ofAccounts1 Mark
Question
Which type of accounts are included in Personal A/c. ?
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Answer
In Personal A/c.: - A/c.'s related to persons, firm having legal identity, Co-op. Soc., Clubs, Institutions etc. - Debtors, Creditors, B.R., B.P., Capital, Drawings, Unpaid / Prepaid exp. etc. (in which persons are involved) are included in personal A/c.
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