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Can revenue Canada freeze a joint bank account?
It is possible for Revenue Canada to freeze a person's bank account. This includes both single and joint bank accounts.
Can a partner freeze the bank accounts of a partnership firm?
yes
Can the lender freeze bank accounts?
In most cases, lenders cannot freeze bank accounts. They can, however, in some cases collect money from a bank account without permission from the account owner. That takes a judge's intervention. Most lenders will not go that far.
Can a creditor freeze bank accounts and how long does it take?
A creditor can freeze bank accounts in some instances. Generally, an outside creditor that is not the government can not freeze your personal bank accounts unless they have some court order allowing this. However, if the creditor is also your bank they may have "right of offset" written into their account agreements. This gives them the right to freeze funds or use the funds to offset a delinquent loan or to force the monthly payment. THIS IS NOT THE CASE FOR REAL ESTATE LOANS IN "ONE ACTION" STATES SUCH AS CALIFORNIA. In these circumstances a lender is only allowed to do one thing against you to get repayment. If they touch your bank account they loose to option of foreclosure. The IRS may levy your account for taxes owed. The amount of time these things take depends on the situation.
What is the journal entry when you sale finish goods inventory?
debit cash / bank / accounts receivablecredit sales revenue
Can revenue Canada freeze a joint bank account?
It is possible for Revenue Canada to freeze a person's bank account. This includes both single and joint bank accounts.
Can a bank freeze all your bank accounts?
Yes. The government can even freeze your offshore bank accounts if the money is illegal.
Can collection agencies freeze bank accounts containing social security and retirement funds?
Collection agencies can not freeze anything. Only courts can freeze bank accounts.
Can a partner freeze the bank accounts of a partnership firm?
yes
What is the journal entry to record mortgage revenue?
debit cash / bank / accounts receivablecredit mortgage revenue
What is the entry for deferred revenue?
dr Bank/Accounts Receiveable (A) xxx cr Deferred Revenue (L) xxx
Can revenue Canada freeze your bank account if you owe money from student loans?
yes
What is the journal entry for sales?
Debit accounts receivable / bank / cashCredit sales revenue
Can the lender freeze bank accounts?
In most cases, lenders cannot freeze bank accounts. They can, however, in some cases collect money from a bank account without permission from the account owner. That takes a judge's intervention. Most lenders will not go that far.
What would the journal entry if revenue earned by the business during the year?
debit cash / bank / accounts receivablecredit revenue account
Can a creditor freeze bank accounts and how long does it take?
A creditor can freeze bank accounts in some instances. Generally, an outside creditor that is not the government can not freeze your personal bank accounts unless they have some court order allowing this. However, if the creditor is also your bank they may have "right of offset" written into their account agreements. This gives them the right to freeze funds or use the funds to offset a delinquent loan or to force the monthly payment. THIS IS NOT THE CASE FOR REAL ESTATE LOANS IN "ONE ACTION" STATES SUCH AS CALIFORNIA. In these circumstances a lender is only allowed to do one thing against you to get repayment. If they touch your bank account they loose to option of foreclosure. The IRS may levy your account for taxes owed. The amount of time these things take depends on the situation.
What will be the entry of the sales of goods?
[Debit] Cash / bank / accounts receivable [Credit] sales revenue
