A. cash and credit transactions B. cash and credit accounts C. personal and private account D. personal and impersonal account
Correct Answer: D
Explanation
A personal account is an account for use by an individual for that person's own needs. A few examples of personal accounts include debtors, creditors, banks, outstanding/prepaid accounts, accounts of credit customers, accounts of goods suppliers, capital, drawings, etc. impersonal accounts: Accounts which are not held in the name of the persons or are directly related to the customers or suppliers of a business.  a. Real Accounts, e.g. Asset Account; and, 2. Nominal Accounts, e.g. Income and Expenditure Accounts.