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What is the difference between demand deposit account and controlled disbursement account?
A demand deposit account, or dda, is a checking or savings account where the owner can write checks that can be negociated by the payee. An owner can issue a check to anyone they want for anything they want (within the scope of the law.) A controlled disbursement account is like an escrow account, where the funds cannot be accessed until certain requirements are met and can only be used for certain purposes and usually by certain people.
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What is the difference between disbursement and reimbursement?
The difference between disbursement and reimbursement is that with reimbursement a person is getting back every cent they paid in. Disbursement is a set amount or percentage of money paid in.
What is the difference between A current account and a cheque account?
what is difference between a current account and a cheque account
What is a wire disbursement?
A wire disbursement is the electronic transfer of funds from one account to another via a wire transfer. This is commonly used for fast and secure same-day transactions between financial institutions or parties.
What is the difference between a controlled experiment and a controlled group?
a controlled group is like an idea but an experiment that is controlled cannot be changed.
Difference between demat account and bank account?
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What is the difference between the financial account and the current account?
They are the same.
What the difference between a variable and control?
The difference between a controlled variable and a variable is in their state. A controlled variable is something which is rigid and constant while a variable is liable to change and inconsistent.
What is the difference between the two sides of an account called?
Account Balance
What is the difference between person fund vs account fund?
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.
What is the difference between a cost center and profit center?
cost centre = the department which activities cash disbursement profit centre = the department which activities making cash
What is The Difference between total debits and credits to an account called?
The Account balance.
What is CDA in banking meaning and use?
CDA is a banking acronym for Controlled Disbursement Account. A CDA bank account is a subsidiary account to a Master account that is manually funded for a specific purpose (i.e. Accounts Payable, Payroll, etc.). Usually the CDA account balance is checked each morning for withdrawn funds, and if approved the exact funds are transfered from the Master account to satisfy the withdrawal. The alternative bank account structure is a ZBA account, which stands for Zero Balance Account. A ZBA account is a subsidiary account that is directly tied to the Master account so that any deposits/withdrawals are automatically transferred (swept) to the Master account, thereby maintaining a Zero Balance in the subsidiary account. The primary difference is that CDA provides a higher level of security since it requires a positive confirmation to transfer funds between the Master and Subsidiary accounts.
