term account ledger personal what is
Meaning of personal ledger account. What is it: the purpose of remitting excise duty to the excise.

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Definition personal ledger account

PERSONAL LEDGER ACCOUNT title: personal ledger account (FI) (SAP Library - Glossary)
PERSONAL LEDGER ACCOUNT category: Financial Accounting (FI)
PERSONAL LEDGER ACCOUNT explained:

A bank account, in India, that businesses use solely for the purpose of remitting excise duty to the excise authorities.

When you are due to remit excise duty, you transfer the appropriate sum to the personal ledger account, from where it is deducted by the authorities.

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