Impersonal accounts

By:
Updated: Aug 20, 2021

A term used in double-entry book-keeping to describe those accounts in the ledgers which are kept for recording capital assets, expenses and income, i.e. impersonal accounts are all accounts other than those for debtors and creditors.

Reference: The Penguin Business Dictionary , 3rd edt.



Sources & references
Risk disclaimer
James Knight
Editor of Education
James is the Editor of Education for Invezz, where he covers topics from across the financial world, from the stock market, to cryptocurrency, to macroeconomic markets.... read more.