单词 | personal account |
释义 | personal account personal account1. An account in a ledger that bears the name of an individual or of an organization; it records the state of indebtedness of the named person to the organization keeping the account or vice versa. Personal accounts are normally kept in the sales (or total debtors) ledger and the purchases (or total creditors) ledger. personal allowance The allowance to which every individual resident in the UK is entitled in calculating their taxable income for income tax. Under current rules, the allowance depends on the age of the taxpayer. For 2016–17 the personal allowance is £11,000 There were formerly additional age-related allowances for those aged over 65 or over 75 but these were frozen in 2013 disappeared entirely in 2016. See alsoincome tax allowances. |
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