A personal account is an account for use by an individual for that person's own needs. It is a relative term to differentiate them from those accounts for business or corporate use.

Commission received in advance is a Personal account.

Explanation:
- Commission received in advance refers to the amount of commission that a business receives from its clients before providing the corresponding services or completing the related transactions.
- Personal accounts are the accounts of individuals, firms, companies, or any other entity with whom the business has a direct relationship.
- Commission received in advance is a liability for the business as it represents an obligation to provide the services or fulfill the transactions for which the commission has been received.
- The amount received in advance is credited to the Commission Received in Advance account, which is a personal account.
- Personal accounts record transactions related to individuals or entities, such as their debts, credits, or balances.
- Since commission received in advance represents a liability owed to the client, it is recorded as a credit entry in the personal account of the client.
- In this case, the personal account is the Commission Received in Advance account, which is credited when the amount is received in advance.
- The corresponding entry is made in the client's personal account, which is debited to reflect the amount owed to the client.
- When the services are provided or the transactions are completed, the liability is reduced, and the Commission Received in Advance account is debited to offset the credit balance.
- At the same time, the client's personal account is credited to reduce the amount owed to the client.
- Thus, commission received in advance is recorded in the personal account of the business (Commission Received in Advance account) and the personal account of the client.

Prsnl account u can remember it as when any nominal account has any prefix or suffix it tends to become prsnl account