Explain the difference between inactive account and dormant
account?

Answers were Sorted based on User's Feedback



Explain the difference between inactive account and dormant account?..

Answer / rupesh

no debit entry but cr entry for surtain perod.

Is This Answer Correct ?    7 Yes 9 No

Explain the difference between inactive account and dormant account?..

Answer / saravanan

inactive account is long time dormant account is short time

Is This Answer Correct ?    11 Yes 21 No

Explain the difference between inactive account and dormant account?..

Answer / a.r. kalpana

Dormant accounts are those accounts in which there are
transactons in the recent his (the stipulation may vary
according to the company's rules). Inactive accounts are
those accounts in which transcations are being made for
long time.

Is This Answer Correct ?    14 Yes 69 No

Post New Answer

More Accounting AllOther Interview Questions

what is debuntre

2 Answers  


Do assets have to be analysed between funds?

1 Answers  


What are the main things to see which making a Balance Sheet ??

2 Answers  


what do you mean by jounal voucher? Jounal entry for dishonored cheque can be possible thruogh jv?

0 Answers  


what is the deffered expenditure

4 Answers  






expand N H A I

2 Answers  


What is the meaning of FIRM

3 Answers  


expand D I N

4 Answers  


WHAT IS PROSPECTUS?

21 Answers   India Infoline, Joint Stock Company,


expand-----KGH

2 Answers  


Hello Frd's This is Mohd NaseerUddin. Is Anyone can help me out to findout a Accounting Peachtree 7.2 note's aswel as Focus notes also Plsssssss helpme out to find it. My E-mail id is mohd_naseeruddin43@yahoo.com

0 Answers  


Expand---------BTSR

1 Answers  


Categories