on account of goods purchased or services rendered or in respect of contractual obligations. x�b```f``�f`e``�dd@ A�+����E�. � ��lg�~�����4NG1��5��*�O�=oS 12 0 obj <> endobj Personal accounts itself refer to a name of person and it represents an Individual or Company or any Organization. 5�; Read about bookkeeping, accounting principles, financial statements, with 66 pages of lessons and tutorials. For this account, overdraft facility will be provided up to Rs. 12 37 0000008927 00000 n A few examples of personal accounts include debtors, creditors, banks, outstanding/prepaid accounts, accounts of credit customers, accounts of goods suppliers, capital, drawings, etc.Natural personal accounts: This type of personal accounts is the simplest to understand out of all and includes all of God’s creations who have the ability to deal, who, in most cases, are people. 0000001572 00000 n View Types of Accounts.pdf from FINANCE ECON F211 at Birla Institute of Technology & Science, Pilani - Dubai. %PDF-1.4 %���� 0000010162 00000 n 0000084013 00000 n 0000065251 00000 n The first digit of the SL account represents the fund group, just like the second number in the corresponding GL trailer types of accounting are examined in the following paragraphs. startxref 0000003042 00000 n 0000005962 00000 n From general transaction recording conventions to the full accounting cycle and finally to important accounts, the book Banks have two basic types of account: • Current accounts • Savings accounts Each bank may have its own names for accounts within these two types, but the basic points remain the same. %���� 0000002877 00000 n 0000000016 00000 n 0000001862 00000 n endobj �R�d.�Rr��)�H��*ͥz.-�.a�]���+��Sh��D��(������!�ܖ�����*(,�������7"�W�8_����4�6ͱ#�O�_�t7��#>�26�J��B�qoKa*ƴ��@m�v���ŢֶM�!u���៓�Ο�t��Y���S�Rqt���)�Zq#KC��5c[���Q. 48 0 obj <>stream 0000035927 00000 n endobj Course Hero is not sponsored or endorsed by any college or university. Types of Accounts. Types of Accounts.pdf - Types of Accounts Personal Account Personal accounts are accounts relating to persons or organisations with whom the business, - It is the system in which only one aspect of each, transaction is recorded. 0000004126 00000 n 0000001393 00000 n 0000008172 00000 n 2 0 obj 0000009537 00000 n CFI's Principles of Accounting book is free, available for anyone to download as a PDF. DIPLOMA IN INSURANCE SERVICES MODULE - 1 Notes Basic Accounting Principles Business Environment 62 5.1 OBJECTIVES At the end of this lesson you will be able z To maintain the books of accounts z To prepare the annual accounts 5.2 ACCOUNTING CYCLE After … 0000003878 00000 n <> 11-09-2017 Types of Accounts Personal Account: Personal accounts are accounts relating to 1.5.1 Financial accounting As mentioned earlier, financial accounting deals with the preparation of financial statements for the basic purpose of providing information to various interested groups like creditors, banks, shareholders, financial institutions, government, consumers, etc. 0000005154 00000 n <>/XObject<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/MediaBox[ 0 0 595.2 841.92] /Contents 4 0 R/Group<>/Tabs/S/StructParents 0>> 0 This preview shows page 1 - 4 out of 10 pages. 0000002380 00000 n <>>> %PDF-1.5 %%EOF <> 0000020445 00000 n 0000083690 00000 n 0000044739 00000 n �%�~s?�h`��Ӱ(L��[��K����|��t��SH��WB�"�ڂ�*I�o���]�$Ĝ.��� ?�DݕOUP]�MG��$:�r�qPDP�A{H(���ȥo��)���_ҳ�9�����XA��(��_����PeˀO?��-�y�5�����>�dl\���f=�$D �͛�͹o�/�bQe�}u�;�m�����������Tm�Jy�uě|��-A���T��H�2���}q�2h�|y׷ej�Ҙ�0F�};�4Y�~� ����b��蓇z T��D x��Zmo�8� ���EÈ�t(4i{� Six types of accounts are used in financial accounting, which are asset, liability, expense, … 0000003007 00000 n xref 0000044986 00000 n D�gTd�^0Gݏ*"��j1l��F�a��ߕ�0����F The different types of bank account This is quick and easy advice about the different types of bank account. 0000003327 00000 n In this system only transaction relating to personal, accounts are recorded whereas transactions relating to real & nominal accounts, are ignored. 3 0 obj 0000007390 00000 n 0000006641 00000 n e.g., trade creditor, accounts payable. <<660B7D9CB52A5943B1A931F536773AC1>]>> 0000004203 00000 n Accounting Services Handbook Types of Accounts 2 | Page Subsidiary Ledger Accounts are made up of 6 digits and always begin with a nonzero number. �| �W?�CK�[hY1-cJ��4��>����V�))�f*V���=�x��ƾ� �ڄ6m-X��*%F;��#���6�ӄ`R����� ������Y���:[k#ZB\t�~��]���T�7��v��rw5;��)���s>%}˩�S�G_6Ե�֔��� ��r7J����X���k$���E������dk7� N�7��c��K��iq�3ţ�?� ��Й§�0�gw^�4�i5*�P�"�d���uU9{�_cGm��*�����5�T�-���8$�S��)����A���#�p��U��H`P�rs�#`GG@Ց(E��3�t�7`�k=Wo�#��� �И������m--�r���44*1��!���r���j��t��#ؿ����5B����I���!_�yЕ���ldc�8�*��Z2�^hF��y�tڕ�������[�ei*rqG�I��e���e�L����T��|�ޚ����G1_�f��F&ʴOx�֪�J�+� h��0}��P�Qe�̽y�B?�Hn>N ͱ=� �� relating to all the accounts i.e. Birla Institute of Technology & Science, Pilani - Dubai, 4.practice-quiz_measuring-risk_answer-key(1), 9.practice-quiz_Measuring-expected-portfolio-return_answer-key, b343cfbe89e4432512126a893b90e802_f6a016c08eca8931c9a3f67eb3fc124f.xlsx, Birla Institute of Technology & Science, Pilani - Dubai • FINANCE ECON F211, Birla Institute of Technology & Science, Pilani - Hyderabad, BCom Course Strucure & Syllabi - BIT Offshore Campus RAK (1).docx, Consolidation of Financial Statements.docx, Birla Institute of Technology & Science, Pilani - Dubai • ECONOMICS econ f211, Birla Institute of Technology & Science, Pilani - Hyderabad • ECON f211.