Hello Pranav,
To enable person account we have to use Customize Application
Before you begin, make sure to:
- Create at least one record type for accounts.
- Grant read permission on contacts for profiles that have read permission on accounts.
- Ensure that the contact sharing organization-wide default is set to “Controlled by Parent.”
Once you complete the preliminary steps, contact Salesforce to enable person accounts and then:
- From the object management settings for person accounts, go to Record Types.
- Assign person account record types to profiles that require person accounts.