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If i put 100 dollars in a prepaid credit card will the card be useless until i put more money in it after i spend all 100 dollars or is that the case for prepaid DEBIT cards?
Wiki User
∙ 14y ago
Just picture it like a gift card. If you have $100 on it, you can spend $100. If you spent $75, you will have $25 left over. Most prepaid cards let you load more money on them as well.
Wiki User
∙ 14y ago
Buford Campbell
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Is prepaid insurance a debit or credit?
Debit
Is prepaid accounts a debit or credit?
It's a debit
What is Decrease in Prepaid Rent a credit or debit?
. Credit
A balance of a prepaid expence account is normally DEBIT OR CREdit?
Prepaid Expenses would normally have a debit balance.
Are prepaid accounts increased by a credit or debit?
yes
Does visa offer a prepaid credit card?
Yes you can purchase a prepaid debit or credit card with the visa logo.
Is prepaid expense a debit or credit?
It is an asset, therefore a debit (on initial recognition). It is credited as the prepaid expenses are actually received (expensed out)
How do you record prepaid rent?
[Debit] Prepaid Rent xxxx [Credit] Cash / bank xxxx
How do you book a Prepaid Expense?
[Debit] Prepaid Expense xxxxx [Credit] cash / bank xxxxx
What is a AchieveCard MasterCard?
Achievecard is prepaid debit and credit MasterCard, Achievecard is a reloadable prepaid Mastercard.
Is a decrease in prepaid rent a debit or a credit?
Prepaid Rent is an asset, therefore to decrease the asset (or use up the rent) a decrease would be a credit. Assets generally maintain a debit balance, which means to increase the balance we debit and to decrease the balance we credit.
What is the journal entry for unused travel expenses paid in advance?
you would label it as a prepaid expense. Debit -prepaid travel expense credit- cash
