Explain the difference between inactive account and dormant
account?
Answer Posted / y k gupta
In banking parlance, in case of saving account, an account
is dormant if it is not operated for a period of 1 year and
will become inoperative if it is not operated for 2 years
(inclusive of 1 dormant year). In case of current account,
it is 6 month + 6 months
| Is This Answer Correct ? | 33 Yes | 23 No |
Post New Answer View All Answers
why are you selecting for the profitbulity analysis costing based& active based
1.tell about urself? 2.wt is BRS? 3.VAT? 4.Golden principle of accounting?
sort out the difference between service provider & service reciepient from the service tax.
legal accounting methods to reduce profit of a partnership firm so as to reduce the tax liability?
what is debit/credit note ? what deffered income and expencess?
For how long should prepayments be carried in the books as fictitious asset and when is it ideal for a new coy to pay tax
company's total overhead expense is containing which are the expenses? Definition of overhead expense.
can i have practical examples of AS-30
Paid office electricity charges Rs 15000/- and Ram partners residence electricity charges 1250 thr andhra bank cheque
For the production of 10,000 units the following are the budgeting expenses: Per Unit Rs. Direct materials 60 Direct labour 30 Variable overhead 25 Fixed overhead (Rs.1,50,000) 15 Selling expenses (10% fixed) 15 Variable expenses (direct) 5 Administrative expenses (Rs.50,000 fixed) 5 Distribution expenses (20% fixed) 5 Total cost of sales per unit 160 Prepare the flexible budget for the production of 6,000 , 7,000 ,and 8,000 units of production
Sensitive field have been defined and customized for vendor master data. For which of the following sensitive fields will an update trigger dual control?(any 1 answer) Currency Account group IBAN VENDOR ACCOUNT NUMBER
My balance sheet is tallied. But there is a difference of RO 1 in cash flow. How to adjust ?
What are write off entries to be passed say if im having payable of Rs. 400 standing in the balance sheet and I want to write it off...
what is general HR?
Why not we must to created Provision & Reserve? And if we're not to recognized what the effect will be?