[amp_mcq option1=”Pre-paid Salary Account” option2=”Drawings Account” option3=”Outstanding Rent Account” option4=”All of the above” correct=”option1″]<\/p>\n
The correct answer is: None of the above.<\/p>\n
A personal account is an account that is used to track personal finances. This can include accounts for income, expenses, assets, and liabilities. Personal accounts can be held at banks, credit unions, or other financial institutions.<\/p>\n
A pre-paid salary account is an account that is used to track money that has been earned but not yet received. This money is typically held in a separate account from the employee’s regular checking account. The money in a pre-paid salary account can be used to pay bills, make purchases, or save for future expenses.<\/p>\n
A drawings account is an account that is used to track money that has been withdrawn from a business by the owner or owners. This money is typically used for personal expenses, such as food, clothing, and housing. The money in a drawings account is not considered income for the business.<\/p>\n
An outstanding rent account is an account that is used to track money that is owed for rent. This money is typically owed by a tenant to a landlord. The money in an outstanding rent account is considered a liability for the tenant.<\/p>\n
Therefore, none of the above options are personal accounts.<\/p>\n","protected":false},"excerpt":{"rendered":"
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