Personal Accounts Examples List

What are Personal Accounts?

personal accounts are those accounts that relate to persons, Firms, Institutions and companies like… Jay, Vijay, Mohit, Rachit, Poonam, debtors, creditors, Ram&Sons, company, bank, school, government, Capital, Drawings, Accounts etc.

Personal Accounts Examples List:

1. Mohit A/C
2. Rachit A/C
3. Mariya A/C
4. Navjot A/C
5. Salman A/c
6. Petter A/c
7. Account of Reliance Industries Ltd
8. Account of Mohan & son’s
9. Account of Tata company Ltd
10. Account of State Bank of India
11. Account of Ram & company
12. Account of BSNL, LIC
13. Account of School
14. Account of Government
15. Account of Court
16. Capital accounts
17. Drawings accounts
18. Outstanding salary accounts, ( Represent Employee),
19. Prepaid Rent accounts, (Represent Landlord)
20. Advance Income accounts,
21. Accrued Income accounts
22. Debtors Account
23. Creditors Account
25 Loan Account

Personal Accounts Examples List

personal accounts  are sub-divided into three categories-

1. Natural personal accounts – All those accounts which are related to human beings / Persons are called natural personal accounts.
   Natural Personal Accounts Examples List:
    1. Mohit A/C
   2. Rachit A/C
   3. Mariya A/C
   4. Navjot A/C
   5. Salman A/c
   6. Petter A/c
   7. Capital accounts,
   8. Drawings accounts,
2. Artificial(Legal) personal accounts- Those Personal accounts that are created artificially by law, such as corporate bodies and institutions, are called Artificial personal accounts.  These accounts do not have a physical existence however, they are recognized as persons in business dealings. Or Those personal accounts that are treated as persons in the eyes of the law & have separate legal entities.
   Artificial Personal Accounts Examples List:
    1. Account of Reliance Industries Ltd
   2. Account of Mohan & Son’s
   3. Account of Tata Company Ltd
   4. Account of State Bank of India
   5. Account of Ram & Company
   6. Account of BSNL, LIC
   7. Account of School
   8. Account of Government
   9. Account of Court
   10. Bank Account etc.
3. Representative personal accounts –Accounts that represent a particular person or group of persons directly or indirectly.
   Representative Personal Accounts Examples List:
   1. Outstanding salary accounts, (Represent Employees),
   2. Prepaid Rent accounts, (Represent Landlord)
   3. Advance Income accounts,
   4. Accrued Income accounts etc.

Personal Accounts Examples List

Golden Rules Of Accounting(Debit and Credit) Traditional Approach-

Personal Accounts-  Debit the receiver, Credit the giver.

Real Accounts-  Debit what comes in, Credit what goes out.

Nominal Accounts- Debit all expenses and losses, Credit all incomes and gains.

Real Account Examples List

Golden Rules Of Accounting

Accounting Equation Class 11

30 transactions with their Journal Entries, Ledger, Trial balance and Final Accounts- Project

Golden Rules Of Accounting MCQs with solved answers

Personal Accounts Examples List