Dormant accounts can be either of the following:
- Receivable accounts
- Unliquidated cash advances
- Unliquidated fund transfers
These dormant accounts are balances which remained inactive or non-moving in the books of accounts for ten years or more and where settlement/collectability could no longer be ascertained.
Source: Section 5.4, COA Circular No. 2016-005 dated December 15, 2016