What is dummy account? Is there any difference between
dummy account and suspense account?
Answer Posted / harshad g meshram
Yes,Dummy account is not to be approved whereas, suspense
account is prepared in which the amt which cannot be exposed
in Financial Statement is put in that account.
| Is This Answer Correct ? | 12 Yes | 6 No |
Post New Answer View All Answers
What Is Negative Amortization?
What do you know about FI, FII and FDI?
What are the limitations that should be known before trading?
Accounts payable questions
Tell me the difference between analysis model and design model?
In the banking scenario, what are the essential needs of the banking industry?
What Are The Things That You Have To Keep In Concern Before Opening The Bank Accounts?
What is a Fixed Deposit? What is the minimum period of FD?
Differentiate between trade, commerce business and industry.
State the difference between Sales Tax and VAT.
Discuss Stratified sampling & cluster sampling techniques and discuss with example where exactly these techniques are useful.
Tell me something about risk management?
explaine me what the stock market points & how to decide increase in points.
What is operating ratio?
differentiate between revenue deficit and fiscal deficit?