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 ?
He said that the defendants, who were employed by the school; Funktob Schools, had been collecting school fees from the pupils into their personal accounts.
MACC Senior Assistant Commissioner (Special Operations Division) Rosli Hussain, 54, said his investigation found that Jho Low had no interest over the RM170 million belonging to SRC International Sdn Bhd that were in Najib personal accounts at AmIslamic Bank.
The functions of this commission include daily work on the inventory of personal accounts for the selection of taxpayers who repaid the amount of arrears, making decisions on the write-off of interest on selected taxpayers within 3 working days.
According to the details, Income Tax Office Haripur officials had deducted the company's tax from the personal account of its director which was a violation of their authority, then the plaintiff registered his complaint in Federal Ombudsman regional office Abbottabad.
Nakakatakot lang kasi nakailang attempts na this month to hack my personal account,' Binay said.
"In or around July 2017, the Debtors authorized transfers between GreenMind's account, their own personal accounts , and Jacob's personal account[.]
A member of staff at the bank was used to generate my personal accounts PIN, and also edit my joint accounts data to link it with the swapped line, he said.
The Commission on Audit report for 2017 found that the OTC immediately released the total amount as cash advances: P2 million to Pabualan and P1.3 million to Clave, which they deposited in their respective personal accounts.
The regulator will use the personal account functionality to issue its requests, orders and explanations regarding the application of various regulatory acts.
Here, by combining both retirement and personal account assets to calculate the fee, the investor can take advantage of breakpoints in the tiered fee structures to get the benefit of a fee reduction.
Once that bank account was depleted, MYLES transferred money from several business accounts that he managed into the victim's personal account, before subsequently transferring it into his own personal accounts.
Last month, Malaysian Attorney-General Mohamed Apandi Ali (http://www.ibtimes.com/malaysian-pm-najib-razak-cleared-corruption-money-was-donated-saudi-royals-2279857) cleared Najib of any wrongdoing into the transfer of $681 million found in his personal account. Apandi said that the money was a legal donation from a member of Saudi Arabia's royal family, and most was returned.