Explanation:

These accounts types are related to persons. These persons may be natural persons like Raj’s account, Rajesh’s account, Ramesh’s account, Suresh’s account, etc.These persons can also be artificial persons like partnership firms, companies, bodies corporate, an associations of persons, etc.There can be personal representative accounts as well.

Rule for this Account

Debit the receiver.

Credit the Giver.

For Example  – Goods sold to Suresh. In this transaction, Suresh is a personal account as being a natural person. His account will be debited in the entry as the receiver