Ledger accounts that contain transactions related to individuals or other organizations with whom your business has direct transactions are known as personal accounts. Some examples of personal accounts are customers, vendors, salary accounts of employees, drawings and capital accounts of owners, etc. Capital account is a personal account because it records transactions between the owner of the business and the business itself. The owner invests money in the business, which is recorded in the capital account. Any withdrawals made by the owner from the business are also recorded in the capital account. The golden rule of accounting for personal accounts is: debit the receiver and credit the giver .
Select the most appropriate meaning of the highlighted idiom.
The team members seem to be running around in circles.
Choose the correct option showing the meaning of the Idiom highlighted in the given sentence
The company's new product was a game-changer.
In each question, four alternatives are given for the Idiom / Phrase highlighted in the sentence. Choose the alternative which best expresses the meani...
Select the correct meaning of the given idiom.
On a roll
On the issue of marriage, Sarita put her foot down.
Select the most appropriate meaning of the given Idiom.
WET BEHIND THE EARS
"The report had more holes than Swiss cheese , making it difficult to trust the conclusions drawn from it."
Select the most appropriate option to substitute the bold segment in the given sentence.
Because of his misbehaviour, he is bound to face th...
The delay will not be affect the scheduled delivery of the aircraft carrier to the Indian Navy.
I. Given the fragility of Mr Wahid's government, U.S. pressure intended to bring the military to heel should be calibrated.
II. I brought him...
