IMPERSONAL ACCOUNTS Definition

Bookmark and Share

IMPERSONAL ACCOUNTS represents accounts other than Personal Accounts. This may be sub-classified into: a. Real Accounts, e.g. Asset Account; and, 2. Nominal Accounts, e.g. Income and Expenditure Accounts.

Learn new Accounting Terms

KINA is a currency of Papua New Guinea.

ENDOWMENT POLICY is a combination of life assurance and investment whereby the sum assured is paid at a predetermined date or on death, if earlier.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.