An account that, in contrast to impersonal accounts, is held for each of an entity’s credit customers, suppliers, or other stakeholders. For example, purchases or sales are record in a personal account which reflects the financial relationship between the entity and another entity that is counterparty to the transaction. The personal accounts are often held in personal ledgers (the sales ledger and purchase ledger) under respective names- i.e., personal accounts are usually kept in the sales (or total debtors) ledger and the purchases (or total creditors) ledger.

Ledger accounts that record transactions related to individuals or other organizations with whom an entity has direct transactions also include salary accounts of employees, drawings and capital accounts of owners, etc.