When an account reflects a zero balance.
Related information about clearing account:
- Clearing account - Wikipedia, the free encyclopedia
A Clearing account is usually a temporary account containing costs or amounts that are to be transferred to another account. An example is the income summary ...
- What is clearing account? definition and meaning
Definition of clearing account: A temporary account that holds costs until they can be transferred elsewhere. For example, a company might use a clearing ...
- Clearing account | Business Pundit
A clearing account is an account used to temporarily accumulate funds that will later be transferred to another account. Clearing accounts are used for a.
- Clearing Account
Clearing account is a general ledger account, but it is not used for the posting purposes. This is an account, which is used to make a summary of similar ...
- What is clearing account
(Quoted from answers.com): Usually a temporary account containing costs or amounts that are to be transferred to another account. An example is the income ...
- What Is a Clearing Account?
Oct 23, 2012 ... A clearing account is a bank account that's used to temporarily hold funds. There are a few different reasons to use a clearing...
- Difference between “Cash Clearing Account” and “Clearing Account ...
Jan 25, 2008 ... This is in response of one offline mail as one of consultant asked some more information for Cash Clearing Account and Clearing Account, ...
- GR/IR Clearing Account
GR/IR Clearing Account. You use the GR/IR clearing account to post: Goods received which have not yet been invoiced, and invoices for goods which have not ...