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
The Account balance.
net balance
In Salary Account 0 balance is allowed and in saving account minimum balance required
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
They are the same.
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Account Balance
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.
savings account earns interest.
The Account balance.
net balance
In Salary Account 0 balance is allowed and in saving account minimum balance required
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___________