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Is a credit card company obligated to send you a billing statement each month even if there is no balance?
Wiki User
∙ 9y ago
Yes, they should be sending you a statement each month. However, if you do not owe them anything, they will not need to send you a statement.
Wiki User
∙ 9y ago
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What is a monthly billing statement?
A monthly billing statement - is the notification sent out by the credit card company, detailing the most recent transactions on the account. It shows any payments made since the last statement, any new purchases and the amount of interest charged on the current balance. It is NOT a demand to pay the whole balance - but an advisory on the minimum payment that must be paid this month.
A statement of what a company owns and owes is called a?
Balance Sheet
What financial statement is concerned with the company at a point in time?
This relates to a company's balance sheet (aka statement of financial position). The balance sheet provides, in essence, a "snapshot" of a company at a point in time. This differs from a statement of cash flows, or an income statement, both of which essentially show the events or transactions of a company that occurred during a certain period of time.
Deffination of balance sheet?
balance sheet is that statement which shows company performance from it's inception to till date.
Is expnses a balance sheet or a income statement?
All expenses incurred are part of income statement of company whle advance expenses or expenses payable are part of balance sheet.
What is a monthly billing statement?
A monthly billing statement - is the notification sent out by the credit card company, detailing the most recent transactions on the account. It shows any payments made since the last statement, any new purchases and the amount of interest charged on the current balance. It is NOT a demand to pay the whole balance - but an advisory on the minimum payment that must be paid this month.
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.
Where might one find the pay by due date on a medical billing statement?
One might find the due date in the top right hand corner of the medical billing statement. On most medical billing statements, the company will include the due date and amount in the top right hand corner along with in the middle of the billing statement.
Are profit and loss account on an income statement or balance sheet?
Profit & Loss Account is the Statement showing indirect expenses and receivable of a Company where as Balance Sheet is the Statement highlighting Assets and Liabilities of the said Company.
Where can you find the financial statement for any company?
balance sheet
A statement of what a company owns and owes is called a?
Balance Sheet
What is a balance sweet?
this is a statement showing the assets and liabilities of a company
Where can you find a balance sheet for subway?
You can't, Subway is a private company and is not obligated to release their financial statements to the public
Where do you place extraordinary gains on a balance sheet?
Extra ordinary gains is shown in income statement of the company and it is not shown in the balance sheet of the company.
What financial statement is concerned with the company at a point in time?
This relates to a company's balance sheet (aka statement of financial position). The balance sheet provides, in essence, a "snapshot" of a company at a point in time. This differs from a statement of cash flows, or an income statement, both of which essentially show the events or transactions of a company that occurred during a certain period of time.
Balance sheet reports the condition of the business?
A balance sheet, also called a "statement of financial position", reveals a company's assets, liabilities and owners' equity (net worth). The balance sheet, together with the income statement and cash flow statement are used to identify/gauge a company's financial status or position. If you are a shareholder of a company, it is important that you understand how the balance sheet is structured, how to analyze it and how to read it.
Deffination of balance sheet?
balance sheet is that statement which shows company performance from it's inception to till date.
