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No bank account is a Personal account in Accounting
In some businesses, it is an overhead cost and can be depreciated in accounting. Just like lights and building expenses, it is a business cost that must go into accounting. Check with an accountant about the different ways it can be a deductable expense.
revenue account
An accounting staff is a staff made up of accountants. An accounting staff can have many duties, such as financial advisement, account maintenance, and account management.
tie out
It does not exist
What entry can we post to Office Maintenance Account in accounting
account or accounting equation
the accounting concept that separate the personal account from the business account is business separate entity concept
What entry can we post to Office Maintenance Account in accounting
Any entity which can be represented by name of an individual or entity is known as personal account in accounting parlance.
Drawings in accounting are recorded as a double entry in the cash book. This is a credit to the bank account and a debit to the cash account.