Question
     Do you think there is any difference between inactive and dormant accounts?

Answers

Yes, both are different terms in accounting. Inactive accounts means that accounts have been closed and will not be used in future as well. While, dormant accounts are those that are not functional today but may be used in future.   Your Comment




More Finance Questions..
Very important Financial Tips that everyone should know..

What is a blank endorsement?

What is the difference between profit and gain?

What Is Account?

what is discount cash flow management?

List out things that fall under intangible asset?

How are period costs reported in the financial statements?

Tell me is financial accounting necessary?

Explain what is “over the counter market”?

What is gaap?

What are the most important goals of accounts receivable?

What are the basic financial statements?

Inspiron 1501 has complete care warranty and got dropped by customer accidentally. What kind of DPS do we create?

(A)Depot CCC

(B)Depot SCC

(C)Onsite with all needed parts

(D)Exchange System

Define the coefficient of correlation when in a negative amount?

Explain what is inflation and how is it measured?

When should a product warranty liability be recorded?

The Western Union Company , a global leader in money-transfer services, has recently announced the launch of its Digital Vendor Program intended to extend the reach and accessibility of Western Union Money Transfer(r) services to mobile finance initiatives in?

What is fbt (fringe benefit tax)?

Which items on a bank reconciliation will require a journal entry?

What are the different fields of accounting?



Search
Can you Answer!!
  • Q Outline the major Java features.
  • Q What is RATE ACTION ?
  • Q What will be the output of the code below? var trees = ["xyz","xxxx","test","ryan","apple"]; delete trees[3]; console.log(trees.length);
  • Q 'Ramgiri' gold field is situated in:
  • Q Expand VHS
  • Q What portmanteau term refers popularly in recent times to holidaying in a luxurious tent or similar outdoors construction?
  • Q ADO and ADO.NET differences
  • Q What is meant by bossism?
  • Q Describe the various theories
  • Q The lagging strand builds how?
  • Q Is white box testing different from unit testing?