what is a zero balance account?

Asked by karl rienza on 2016-12-15

I'm not an accountant, what is a ZERO BALANCE ACCOUNT?

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Last query:
2016-12-15
Last reply:
2016-12-16
Michael Rooney (mrooney) said : #1

Thanks for asking! A zero balance account is an account with a balance of zero, that is 0. This option is useful to hide credit cards that are fully paid, or unused empty accounts.

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