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What is dummy account? Is there any difference between
dummy account and suspense account?
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Answer Posted / girish nair
dummy account:: Tax System edits prevent refunding money on
accounts which display both a credit and a debit, however,
the Commission is sometimes required to refund money on one
of these accounts. To make these refunds possible system
edits are circumvented by assigning a duplicate account
number. These duplicate accounts are referred to as Dummy
Accounts.approval is required from the Status Section
Manager or Assistant Status Section Manager.
suspense account is proper.
| Is This Answer Correct ? | 5 Yes | 11 No |
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