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A dormant account is some sort of account or credit line that is open, but inactive. For instance, I have an equity line of credit with a zero balance. It is dormant.
Rusty Hahn
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If you are the beneficiary of your parents investment accounts does that mean you are the sole recipient of those accounts at the time of death?
Yes.
What is Increase in income accounts?
Income Accounts (aka Revenue) are accounts that show the amount of money a company is bringing in by supplying a goods or service. An Increase in these accounts would mean that the business is at least there is cash flowing into the company.
What do you mean by receivable?
People that owe you money are accounts receivable.
What does it mean to diversify your accounts?
Different kinds of stocks in your portfolio.
What do the acronyms COA mean?
Chart of accounts. (If you work in finance anyway)
ACC tournament cost how much?
Acc mean account accounts
What is mean by accounts receivable?
Accounts receivable also known as Debtors, is the money owed to a business by its clients (customers) and reported as an asset in balance sheet.
Someone who examines accounts officially?
I think you mean an auditor.
Does debit always mean an increase?
Incase of expenses and assets accounts debit means increase while for income and liabilities accounts debit means decrease.
What does 'name of account holder' mean?
Name of account holder refers to the name of the person who owns the account. This can be for bank accounts, credit accounts, loans or utility services.
What does insufficient number of accounts paid as agreed mean?
This means out of the total number of accounts you have, you have not paid on enough of them as agreed when you where issued the account. Example would be late payments.
What you mean by corporate accounting?
in corporate accounting we maintain the accounts of joint stock companies
