Answer / Vikram Surjeet Kumar

Yes, there is a difference. An inactive account has no current transactions but may be used again in the future. A dormant account has had no activity for a specified period of time and may be closed if it will not be used again.

goods with drawn by proprietor for household expenses

2 Answers   Cap Gemini,

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what is the enty for gift given to company employee by company but purchased by director of the company

3 Answers  

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what is vendor setup?why it is required in accounts payable process?

1 Answers   Cap Gemini,

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Dear sir/madam, Want to know entry for closing of sundry creditors account on the end of the year when its accounts shows debit balance, Payment made excess. E.g Invoice rcvd : 100000.00 from XYZ company payment Made: 105000.00 Please suggest best entry for the same

1 Answers  

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what is the differance b/w direct & indirect exp

2 Answers  

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In Which Group "goodwill Written off account " will come?

2 Answers  

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what comes under real account?

3 Answers   CS Engineering, SK Accountant,

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What is TDS ? How its entry will be passed in accounting book ?

2 Answers  

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How to prepare balance sheet

2 Answers  

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Can we pay bonus to employees out of Reserves?

3 Answers   UltraTech,

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Recall a time when you faced a dissatisfied and aggressive customer. How did you handle it?

1 Answers  

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how do we pass the Entry for Reserves? and What is the Meaning of Surplus?

1 Answers  

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