Personal Accounts

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Personal Accounts

 

(bookkeeping), accounts included in analytic cost records and designed for settling with organizations and individuals. Personal accounts are opened by the bookkeeping department of an enterprise (organization or institution) for every legal or physical person with which it has particular types of settlements. All information on the condition and change in settlements is entered in the personal accounts. For example, the personal account of a production or office worker for keeping track of wage settlements includes information on wages computed for the worker, retentions and deductions made from this amount, and the total which is to be turned over to him. Personal accounts differ in form, reflecting the type of settlement (wages, offsetting of mutual demands, and the like) and accounting techniques (manual or mechanized).

References in periodicals archive ?
50 remained unsettled, and that the fund was deposited to the personal account of Puentevella, the Ombudsman investigation showed.
Unless a PTE can be used, householding that results in a fee reduction for the investor's personal account is prohibited, resulting in taxation, interest and penalties to the individual.
Over $1 billion was transferred to Malaysian Prime Minister Najib Razak's personal accounts, more than the amount previously identified by probes into state fund 1Malaysia Development Berhad (1MDB), the Wall Street Journal reported Monday.
M2 EQUITYBITES-October 6, 2015-New personal accounts launched by NatWest and RBS
Khandelwal presents readers with his own personal account of his career, the lessons he learned as the CEO of the Bank of Baroda, and how those lessons apply to his concept of leadership in business.
The Legislature also empowered employers to access personal accounts to conduct investigations of employee misconduct Where an employer receives information of illegal activity occurring on an employee's personal account the employer may insist on disclosure of login information to obtain relevant information from the personal account
From time-to-time I'll check my personal account to keep on top of things and sometimes there will be something that requires my attention - and this is how I ruined Joanne's Christmas.
Air Canada also envisions a sort of "e-bank" system, in which each passenger would have a personal account and "interact with us in a fully automated mode," Fournel said.
Jawbreaker; the attack on Bin Laden and Al-Qaeda: a personal account by the CIA's key field commander.
Some doubt that it would increase national savings, arguing that higher government debt (resulting from the redirection of current payroll taxes to personal accounts) would offset the increased personal account savings.
Jawbreaker: The Attack on bin Laden and al Qaeda, A Personal Account by the CIA's Key Field Commander By Gary Berntsen and Ralph Pezzullo Crown, $25.