If the transaction has been listed in pending then it will drop down into the posted at midnight. Every system changes at some point in a bank system sometimes or another. The money will be taken out as soon as the transaction posts.
It is like writing a check, only it is a bit faster. The transaction will post against the bank account in a matter of minutes or hours rather than taking a day or so to post. They take the money directly from your bank account and if there is not enough money in the account it will not go through.
1. Write the date of the transaction in the account's Date Column. 2. Write the amount of the transaction in the Debit or Credit column and enter the new balance in Balance column under Debit or Credit. 3. Write the page number of the journal in the Post. Ref. column of the ledger account. 4. Record the ledger account number in the Post. Ref. column of the journal.
The best way to explain this is by example: Wells fargo Bank has your bank account. Your account is a liability for them since this is not truly their money and it is obligated to you the account holder......so when they increase your account, they post a credit to it. Because to increase their liabilities they have to credit it......and when you use your debit card and decrease your account then wells fargo debits your account to remove the money. For you as the account holder your checking account is your asset......so if you were tracking your accounting in a program.....and you wanted to show where you deposited money into your account in your system then you would post a debit to increase your cash account.
journals are the recording of each transaction and legders is were we post those transaction.
Passbooks were booklets that contained transaction information of ones account essentially in a bank or a post office. Passbooks contained account statements. Initially they were handwritten from the bank/post-office's ledgers, thereafter with the introduction of IT in banks, it was being printed. Now you can get the details online by e-mail or on your mobile phone through an sms.
It is like writing a check, only it is a bit faster. The transaction will post against the bank account in a matter of minutes or hours rather than taking a day or so to post. They take the money directly from your bank account and if there is not enough money in the account it will not go through.
1. Write the date of the transaction in the account's Date Column. 2. Write the amount of the transaction in the Debit or Credit column and enter the new balance in Balance column under Debit or Credit. 3. Write the page number of the journal in the Post. Ref. column of the ledger account. 4. Record the ledger account number in the Post. Ref. column of the journal.
Demetrice, can i receive a money transfer to my mortgage account and once it post withdraw from it...without applying it to my account
1AM
Depends on what country / region / state.
The best way to explain this is by example: Wells fargo Bank has your bank account. Your account is a liability for them since this is not truly their money and it is obligated to you the account holder......so when they increase your account, they post a credit to it. Because to increase their liabilities they have to credit it......and when you use your debit card and decrease your account then wells fargo debits your account to remove the money. For you as the account holder your checking account is your asset......so if you were tracking your accounting in a program.....and you wanted to show where you deposited money into your account in your system then you would post a debit to increase your cash account.
journals are the recording of each transaction and legders is were we post those transaction.
Passbooks were booklets that contained transaction information of ones account essentially in a bank or a post office. Passbooks contained account statements. Initially they were handwritten from the bank/post-office's ledgers, thereafter with the introduction of IT in banks, it was being printed. Now you can get the details online by e-mail or on your mobile phone through an sms.
A credit transfer is a method of settling a debt by transferring money through a bank or post office, especially for those who do not have cheque accounts. It's the transfer of money from one account to another account, basically.
It is not illegal to post date a check in any state. What is illegal is to write a check with a lack of funds in the account. If you can be sure that the check won't get to your account before the date you have on it that is fine, but you need to be sure you have money to cover it.
Take it to a post office, where it can be weighed and the correct postage paid. It is not just weight, but the size and thickness of the envelope/package that must be taken into account.
no you have to have an account