What is dummy account? Is there any difference between
dummy account and suspense account?
Answer Posted / girish nair
dummy account:: Tax System edits prevent refunding money on
accounts which display both a credit and a debit, however,
the Commission is sometimes required to refund money on one
of these accounts. To make these refunds possible system
edits are circumvented by assigning a duplicate account
number. These duplicate accounts are referred to as Dummy
Accounts.approval is required from the Status Section
Manager or Assistant Status Section Manager.
suspense account is proper.
Is This Answer Correct ? | 5 Yes | 11 No |
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