If there are no transactions from last 6 months in a particular bank account it is called inactive account and the same continues for one year it called as dormant account
There is no different. An inactive account is a dormant account, meaning there has been no activity for a certain amount of time.
Account Balance
i am a student and wanted to open my account should i open a current account or credit account
The Account balance.
net balance
There is no different. An inactive account is a dormant account, meaning there has been no activity for a certain amount of time.
what is difference between a current account and a cheque account
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They are the same.
Account Balance
savings account earns interest.
The difference between person fund and account fund is that a person fund is transferred to the recipient in person, while the account fund is transferred to the account of the recipient.
i am a student and wanted to open my account should i open a current account or credit account
The Account balance.
net balance
when revenue is earned from charge-account sales, the accountant debits __________ and credits___________
when revenue is earned from charge-account sales, the accountant debits __________ and credits___________