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Can a credit card company hold an authorizes card user responsible for a business account?
Wiki User
∙ 12y ago
Possibly. If the business refuses to authorize the charges, the card user could be held responsible. If the card user signed an agreement of accountability, he will definitely be held responsible. Your best course of action is to try to work with the business who contracted the card to resolve this.
Wiki User
∙ 12y ago
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Is it legal to transfer funds from business to personal account?
It is legal as long as both accounts belong to the same person/company. If the owner of a company transfers cash from his business account to his business account it is legal. But, if his Personal Assistant does it from her boss's business account to her personal account, it is illegal.
Can you deposit a business check to your personal account?
No, you cannot deposit a business check into a personal checking account. You can only deposit a check into an account that shares the same name, i.e. A check is made out to ABC company--it can only be deposited into an account that is titled ABC company. It cannot be deposited into a personal account--even if that is the personal account of the owner.
What type of account is a drawing account?
A Drawing account is a contra capital account and is used by a proprietor type business. It is for recording the owner's withdrawals of the company's assets.
Under normal business operations a company accounts receivable department is responsible for?
Billing
What are the benefits of business current account?
A business current account has several benefits including allowing the business to move money in and out of the account in real time. It allows the company to pay for things it buys and also to pay in income from things it sells.
Is it legal to transfer funds from business to personal account?
It is legal as long as both accounts belong to the same person/company. If the owner of a company transfers cash from his business account to his business account it is legal. But, if his Personal Assistant does it from her boss's business account to her personal account, it is illegal.
What is account pitching?
Account pitching is a term used in the business world. It describes when a person or company is trying to get another company to do business with them or their product.
Who is legally responsible for debt the holding company or the limited company?
I think clients and public who did business with company or with company products are directly responsible legally.
What is an executive in a company?
a executive is a person responsible for the administration of a business
Why should a company open a business savings account?
A company open a business savings account because it makes transaction and payment much easier. You can read more at www.citibank.com/savings
What industrial was the business people responsible for creating Rockefeller?
Standard Oil Company
What is business portfolio?
A business portfolio is a large documented charter that demonstrates a company's investments. This helps potential investors see how financially diverse or responsible a company is.
What is the goods account?
The term "goods account" is referred to as inventory or stock. These are the products and merchandise accounts that a company or business has.
Can you deposit a business check to your personal account?
No, you cannot deposit a business check into a personal checking account. You can only deposit a check into an account that shares the same name, i.e. A check is made out to ABC company--it can only be deposited into an account that is titled ABC company. It cannot be deposited into a personal account--even if that is the personal account of the owner.
How do I create and set up a WhatsApp business account?
Ans. To create and set up a WhatsApp business account you have to do the first thing: Install the WhatsApp Business app. Download the WhatsApp Business app from the Google Play Store. Verify your business phone number. You can restore your account from a backup. Choose a name for your company or business. Create your profile. Tap More > Settings > your company name.
What type of account is a drawing account?
A Drawing account is a contra capital account and is used by a proprietor type business. It is for recording the owner's withdrawals of the company's assets.
What steps are included in an automated clearing-house transaction?
First, the customer authorizes an electronic entry to their account. Second, the company introduces the electronic payment data through its bank. Third, the originating institution receives electronic payment data from the company
