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What is the meaning of closed account 2024?
Questioner：Isabella Kim 2023-06-13 10:00:22
The most authoritative answer in 2024
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Felix Johnson——Studied at the University of Cape Town, Lives in Cape Town, South Africa.
A closed account is any account that has been closed out or otherwise terminated, either by the customer, custodian or counterparty. In terms of accounting procedure, a company will close an account with the current year balance to start the new fiscal year with a zero balance.read more >>+119962023-06-21 10:00:22
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