0
What are the legal requirements for a credit card company to send you a check for a credit balance as a result of overpaying your credit card bill?
Linkbeak
If an account is overpaid, the creditor may wait 30-60-90 to issue a refund. This is done so that a refund is not issued to a closed account that may have charges pending.
Wiki User
∙ 18y ago
Add your answer:
Earn +20 pts
When does accounts receivable have a credit balance?
If an account has a credit balance the customer must have overpaid on their account or a credit was issued by the company and posted to the customers account, resulting in a credit or negative balance.
When will the cash book have credit balance?
When company spend more cash then it actually has will cause credit balance of cash book.
Does dividends payable have a normal balance of a credit?
Yes divident payable has credit as a normal balance because it is the liability of company to pay to it's shareholders.
Is common stock a credit 0r debit balance?
Common stock is a portion of capital of company and capital has a credit balance that's why common stock also has a credit balance and shown under owner's equity portion under liability side of balance sheet
Share capital has a credit or debit balance?
Credit Balance CREDITS record transactions relating to revenues and an increase in the liabilities of the company. DEBITS record transactions relating to purchases, expenses and an increase in the assets of the company.
How do I transfer the balance on my credit cards?
You will have to talk to you credit card company. They will be able to assist you in transferring your balance on your credit cards.
Is accounts payable a debit or credit?
Accounts Payable is the amount which is payable by company for the merchandise purchased by company but payment is due in future, as it is the liability of company so like all liability accounts it has credit balance as normal balance.
When does accounts receivable have a credit balance?
If an account has a credit balance the customer must have overpaid on their account or a credit was issued by the company and posted to the customers account, resulting in a credit or negative balance.
Reginald's credit card statement states that his balance is 550 What does the term balance mean?
The 'balance' of his statement is the monetary value of his account with the credit card company. In this case it is the amount he owes the company.
When will the cash book have credit balance?
When company spend more cash then it actually has will cause credit balance of cash book.
What is outstandanding balance in a credit card?
The outstanding balance is very simply the amount of debt that you have charged on the credit card. You owe that amount to the credit card company.
Can you call your credit card company and pay off the balance by giving them the number for another credit card and charging the balance onto that card?
No, they have to offer you the balance transfer.
What company currently offers low interest balance transfer of other credit cards?
Discover is one company that offers low interest balance transfer of other credit cards. One can compare interest balance rates online at websites such as Nerd Wallet and Credit Cards.
Does dividends payable have a normal balance of a credit?
Yes divident payable has credit as a normal balance because it is the liability of company to pay to it's shareholders.
Can a credit card company reduce your credit limit as you bring your balance down?
Yes. All of the credit cards are reducing credit and it doesn't seem to have any thing to do with the balance. They are just protecting themselves.
What is done with the finance charge assessed by a credit company?
added to the balance
What are the requirements to obtain a corporate credit card?
The requirements to obtain a corporate credit card can vary by the company. Most of the time you must have good credit and/or be working for that corporate for a long time.
