No bank account is a Personal account in Accounting
see first tell me wat is bank overdraft..... its is real or personal... ans.personal...every bank a/c is personal a/c.. and though bank is payable or receivable its is personal a/c only....
Because these are the only accounts which have real existance like cash account and bank account other accounts are just in books of accounts and no real physical existance.
Bill payable is a personal account and only cash and bank accounts are real accounts in accounting.
yer
Yes, a cash account is a real account in accounting. Real accounts represent tangible assets, and cash is considered a tangible asset because it is a physical form of currency.
# Cash account to Bank account # Bank account to Cash account # Bank account to Bank account
If your savings account has become dormant, then you need to walk into your bank and talk to the representatives there. You need to claim your account and prove that you are real. If you can't go to a branch or if the bank is an online-only bank, you might have to call customer service to verify your account and get it reactivated...
yes it is illegal. but yet its not. because you are not putting your real name on the bank account but it is totally up to yourself if you want to get into trouble or not.
EXAMPLE: Cash A/C DR To Bank A/C
"you have a bank account in this bank" is the right phrase.
"Newalliance Bank is certainly a real bank, if you live in the on the Far East Coast. Although you can hold an account with this bank, it is suggested that you look over their stats for the past few year through banking networks to gather more info about them."