Explain the difference between inactive account and dormant account?

Explain the difference between inactive account and dormant
account?

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Explain the difference between inactive account and dormant account?..

Answer / rupesh

no debit entry but cr entry for surtain perod.

Is This Answer Correct ?

7 Yes

9 No

Explain the difference between inactive account and dormant account?..

Answer / saravanan

inactive account is long time dormant account is short time

Is This Answer Correct ?

11 Yes

21 No

Explain the difference between inactive account and dormant account?..

Answer / a.r. kalpana

Dormant accounts are those accounts in which there are
transactons in the recent his (the stipulation may vary
according to the company's rules). Inactive accounts are
those accounts in which transcations are being made for
long time.

Is This Answer Correct ?

14 Yes

69 No

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