PERSONAL ACCOUNTS Definition

Bookmark and Share

PERSONAL ACCOUNTS represents money due to or due from a person or group of persons. For example, Accounts Payable - Suppliers is a personal account since this amount is payable to a supplier/suppliers.

Learn new Accounting Terms

CONSUMBER BEHAVIOR is the study of individuals, groups or organizations and the processes that are used by that consumer to identify, purchase, apply and dispose of a product or service, and the study of those experiences or ideas to satisfy needs and the impacts that these processes have on the the choices that consumers or society ultimately make.

OPEN INFLATION means that prices are rising on consumer goods and services.

Suggest a Term

Enter Search Term

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