1.

Classify the Bank Loan A/C is​

Answer»

Answer:

The accounts related to real persons and organizations are classified as personal accounts. ... The business keeps a separate account for each INDIVIDUAL and organization for the purpose of ascertaining the BALANCE DUE from or due to them. Hence, bank LOAN account is a personal account.

I hope my answer is correct and KEEP it up



Discussion

No Comment Found

Related InterviewSolutions