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commission is an asset
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∙ 12y ago
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A customer's check received in settlement of an account receivable is considered cash?
A check received from customer will be credited to his account , hence his earlier debit balance will be reduced . simultaniously it will be debited to bank account , hence bank balance will be increased
Can your bank account be debited without you being told?
NO.
Commission received what is journal entry?
Journal entry:[Dr.]Bank account xxxx[Dr.]Cash account xxxxx[Cr.]Commission Received xxxxCommission received is credited because it is our income and incomes are credited.
Is bank overdraft credited or debited?
It is a debit and taken out of your account.
How is an on line bill payment tracked when the payee claims it isn't received and the bank has debited the account anyway?
I sent a transfer of 50pounds with my details so i could put into a persons account but they not receive it
What happens when money is deposited in account is it credited or debited?
deposited money is credited to your concern bank account
When using a bank card in a shop is your bank account debited immediately?
In most cases yes, but it depends on the retailer and the bank.
How central bank of nigeria controls other commercial banks?
central bank control other bank by giving them loan and it debited their account.
What is a uncredited check?
these are the cheques that has been presented to the bank but still they are under process by the bank. The customer account has been debited already.
How do i cancel the first and all payments to be debited from my account?
Call and send a cacellation letter to debitor, and or get a new account number from bank.
How long does it take for a cheque to clear in a Halifax bank account?
It depends on where you write it or where the person you gave it to cashes it. With electronic processing, funds may be debited from your account anywhere from immediately to 48 hours afterwards. If presented in person at the bank it was drawn on for cashing, funds are immediately debited.
What does Adjustment reversal from Chase bank mean?
It means that Chase reversed an adjustment that they previous debited or credited to your account.
