GeekInterview.com
  I am new, Sign me up!
 
GeekInterview.com  >  Interview Questions  >  Accounting
Go To First  |  Previous Question  |  Next Question 
 Accounting  |  Question 28 of 178    Print  
what is the difference between inactive accounts and dormant account

  
Total Answers and Comments: 2 Last Update: May 28, 2008     Asked by: jyothi_k 
  
 Sponsored Links

 
 Best Rated Answer

No best answer available. Please pick the good answer available or submit your answer.
August 20, 2006 06:48:58   #1  
satya        

RE: what is the difference between inactive accounts a...
Dormant accounts are those accounts in which there are transactions in the recent history(the stipulation may vary according to the company's rules). InActive accounts are those accounts in which transactions are being made for long time.
 
Is this answer useful? Yes | No
May 28, 2008 00:33:34   #2  
Rashmi_Nair Member Since: May 2008   Contribution: 2    

RE: what is the difference between inactive accounts and dormant account
An Inactive Account is A brokerage account in which few transactions take place. Some brokerage firms levy a fee on accounts in which securities are deposited but no activity occurs during a specified time.

A Dormant Account is a savings account showing no activity (other than posting interest) for some specified period.

 
Is this answer useful? Yes | No

 Related Questions

Latest Answer : Provisions are to allocate an amount to meetout the requirement.Reserves are made avaialble to meet business demands eg., meet out obsoletions, to meet out expansions etc.,By and large provisions will have revisions, reserves will not have. ...

Latest Answer : Perpetual updates the inventory immediately Periodic inventory updates on monthly basis. ...

Latest Answer : Personal accounts are those accounts which represents any person, artificaial person or they have their own entity like, bank, any authority orany person, real accounts are thiose account which counts all asstes of a firm like furniture and cash etc. ...
Read Answers (18) | Asked by : ferozbm

Latest Answer : in business transactions which is a recent transaction .it is call dormat account ...
Read Answers (1) | Asked by : ferozbm

Latest Answer : Hi Sagar Your question is very good, in my opinion answer is Liabilities are credit and assets are debit side(Right Side), In Indian Accounting rules the performa is this. But US and UK use Assets on left side and liabilities in right. You can also ...
Read Answers (6) | Asked by : ferozbm

Latest Answer : An operative accounts means an account for day-to-day operations of the business. ...
Read Answers (3) | Asked by : ferozbm

What is meant by the followingInterest accrualInterest bookingInterest Application on the month endInterest Application for the broken periodOverdue interest Unredeemed interestClosures and Premature Closures of the accounts
View Question | Asked by : ferozbm

Latest Answer : An Inactive Account is A brokerage account in which few transactions take place. Some brokerage firms levy a fee on accounts in which securities are deposited but no activity occurs during a specified time.A Dormant Account is a savings account showing ...
Read Answers (2) | Asked by : jyothi_k

Latest Answer : Dear Sir/ MadamI want to know the difference the between SAP fico and Oracle financials while implementation and to work on.RegardsPraveen Ch. Chowdari ...

the person who has been in the mid career level as asst.mgr ,taking care of various function and porfolios of accounts department and expert knowledge in accounting concepts is said to be ab manager -accounts 
Latest Answer : when we see their difference from broad organizational reviewthe function of accounts manager1. the approval of the accounting system utilization and calculated amounts in supportable documents ,for example in journal vouchers2. the approval of the newly ...
Read Answers (2) | Asked by : ramji70


 Sponsored Links

 
Related Articles

What is difference between call by value and call by reference in function?

The arguments passed to function can be of two types 1. Values passed 2. Address passed The first type refers to call by value and the second type refers to call by reference. For instance consider program1 main() { int x=50, y=70; interchange(x,y); printf(“x=%d y=%d”,x,
 

The Interview Snafu

How to turn someone else’s mistake to your advantage Your dream job is about to become reality. A recruiter gave you the heads up about the perfect position at Humungous Conglomerate, Inc. You went through five interviews as well as a battery of psychological tests mandated by their HR de
 

Winning a Job Interview with a Winning Resume

Does your resume unlock your potential, take your skills to the highest level and win you the interview and the job you want now? The job market today is highly competitive and even if you think you have what it takes to get an interview you won’t get over the line without a polished, prof
 

Importance of Proper English during Job Interview

Importance of Proper English during Job Interview Your job interview is crucially important and it will determine whether or not you will get the job Depending on the type of job you re going for it is very important for you to use proper English In most cases jobs which offer higher salaries will h
 

Difference between Scholarship and Grant

Difference between Scholarship and Grant While both scholarships and grants allow students to pay for their tuition without having to pay the money back there are a number of key differences between the two Knowing the difference between grants and scholarship will make it much easier for students t
 

HR Interview - HR Interview Mistakes You Will Want To Avoid

HR Interview Mistakes You Will Want To Avoid The job interview can be a stressful process This is especially true for those who are going after a competitive position Your nonverbal communication combined with the answers you give during the interview will determine if you are hired mosgoogle While
 

HR Interview - Behavioral HR Interviews

Behavioral HR Interviews As the name implies a behavioral interview is an interview that is held by a human resources department to determine if an applicant has the behaviors that are appropriate for a job The company must know how an applicant will behave in a certain situations mosgoogle The logi
 

HR Interview - How To Prepare For Your HR Interview

How To Prepare For Your HR Interview Before you begin thinking about how you are going to dress for the interview it is important to do your research first You should learn everything you can about the company you wish to work for When you have detailed information about your employer you will conve
 

HR Interview - Telephone Interview Etiquette

Telephone Interview Etiquette When you conduct a telephone interview for a job it is important to show the proper etiquette Not only is it important it is critical is you wish to be hired by the company There are a number of things you will want to do and other things should never be done mosgoogle
 

HR Interview - How To Succeed At HR Interviews

How To Succeed At HR Interviews There are a number of things you will need to do in order to make sure you pass the interview process Your appearance is something that you will want to pay close attention to Even if you feel that your appearance shouldn t be a factor in whether or not you re highere
 

About Us -  Privacy Policy -  Terms and Conditions -  Contact -  Ask Question -  Propose Category -  Site Updates 

Copyright © 2005 - 2009 GeekInterview.com. All Rights Reserved

Page copy protected against web site content infringement by Copyscape