[Debit] Telephone Bill 600
[Credit] owners loan 600
Personal Account
No, you make many transactions they no know.
Drawings Account is a Nominal Account. Nominal accounts record liabilities, expenses, revenues, capital and drawing. Examples of nominal accounts are loan account, sales account, commission received account, salaries account, rent account, capital account, drawings account etc.
No it does not record telephone calls. Phones do have a recorders on them that you can put into a mp3 format that can be downloaded to your computer.
how i can telephone call record to sony ericsson vivas u5 phone
A Personal Record was created in 1912.
No
Personal accounts are those type of a/c which are personal while impersonal a/c are types of a/c which are not personal and consist of two other types of a/c which are :Nominal and Real account
Personal accounts are recorded in the ledger under the "Personal Account" category, which includes individual accounts for customers, suppliers, and other entities. Each personal account typically reflects transactions related to that specific individual or entity, such as sales, purchases, and payments. These accounts are maintained in the general ledger to track the financial position of each party involved in transactions with the business.
A drawing account and the only one I know of is usually listed as a Withdrawal account, which is an account used to record money an owner withdraws for personal (private) use. A withdrawal account will affect the financial statement by decreasing assets and owners equity.
telephone bill acto cashWhen you receive the bill, but have not paid it, which is done in accrual accounting but not cash basis, the entry is:Telephone Expense (debit) $$$Telephone Expense Payable (credit) $$$Once the bill is actually paid, even then it is removed from the payable with the following entryTelephone Expense Payable (debit) $$$Cash (credit) $$$If you are paying the bill as you receive it, the only difference is skipping the payable account and debiting the expense account and crediting the cash in a single entry:Telephone Expense (debit) $$$Cash (credit) $$$
A journal is a personal written account of daily experiences, thoughts, and impressions that may be less personal than a diary. Journals often focus on reflection, self-improvement, and goal-setting rather than a detailed record of personal events and emotions.