Personal Accounts


Also found in: Financial.

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 classic literature ?
We are going to operate alone, on our own personal account.
No one was excited even when a fracas on the steps of a leading hotel in Piccadilly, in which he tried to horse-whip a prominent German musician upon some personal account, delayed his promised ascent.
dollars had been channeled into his personal accounts via controversial state investment fund 1Malaysia Development Bhd.
Global Banking News-November 5, 2015--Citizens survey says small business owners use personal accounts for business
Voluntary ex ante transparency notice: service reporting on the state of the personal accounts of the insured and replicating databases regos.
Employers are now prohibited from requiring employees and applicants to disclose their login information for personal accounts, a method some employers used to directly monitor communications and to observe social media activities.
FOUR out of ten small firms are considering closing their existing pension scheme when the Government's new personal accounts are introduced in 2012, research showed today.
This would arise as businesses sought to cut costs to recoup the three per cent of earnings they will have to pay into their employees' Personal Accounts.
EIGHT out of 10 companies do not plan to change their pension scheme when the Government's new personal accounts are launched.
EIGHT out of ten companies do not plan to change their pension scheme when the Government's new personal accounts are launched, research showed today.
The Personal Accounts Delivery Authority (PADA) announced the launch of its procurement process for the personal accounts Scheme Administration services.
LONDON, November 20 /PRNewswire/ -- - Leading Asset Management Firm Fidelity International Advise That Companies With Auto Enrolment Applied to Defined Contribution Pension Schemes Will be Less Impacted by the Government's Introduction of 2012 Personal Accounts.

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