Dormant accounts are those accounts in which there are transactions in the recent history (the stipulation may vary according to the company's rules). Inactive accounts are those accounts in which transactions are being made for long time.
What is meant by turnover?
What is meant by daily accrual and booking?
What is an operative accounts?
What is meant by balancing?
Explain the concept of responsibility accounting
What is meant by calendar maintenance?
What is customer account?
Tell us how much statistics knowledge is necessary or required in accounting?
What does financial statement of the company includes?
What are things will not be included in bank reconciliation statement?
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