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What is the difference between charges and credits in accounting?

In accounting, charges represent money going out of an account, while credits represent money coming into an account. Charges decrease the account balance, while credits increase it.


Can a bank overdraw your account to pay their own charges?

It Depends: Yes - If you have a valid overdraft account with the bank and you currently do not have enough balance in your account to pay for bank charges No - If you do not have a valid overdraft account with the bank.


Why are there itune charges on my credit card account stop the charges or get a valid talk to a live person phone number?

IF you think you have rogue charges on your account - contact your bank and have them (a) stop the transactions, and (b) investigate why these charges are appearing.


Who are the best providers of merchant accounts?

There are several factors to consider, including the charges made and the level of service. Overall Flagship Merchant Services does the best, with Merchant Warehouse and National Bankcard also being good options.


What factors would you take into account when choosing a savings account?

interest charges


Was email chargeable in beginning?

Email has always been a free service bundled into your computer timesharing account charges or your ISP network account charges.


Are excons eligible for pale grants charges meth?

No you may not have a pell grant if you have charges of possesion, sales, or manufacturing of any illegal drug.


What is The difference between total payments and total charges to an account is called?

The difference between total payments and total charges to an account is called the account balance. If total payments exceed total charges, the balance will be a credit, indicating a surplus. Conversely, if total charges exceed total payments, the balance will be a debit, reflecting an outstanding amount owed. This balance is essential for understanding the financial status of the account.


What do you mean by folio charges?

Folio charges or service charges are account maintenance fees. Folio charges are usually charged to customers of a financial institution on an annual basis.


Would an ex-spouse be responsible for credit card debt even though his name was removed from the account and the charges were made after the divorce?

If he is not on the account he is not responsible for the debt, even if he made charges. If the charges were made without the consent of the account holder he could be guilty of a fraudulent act. Whoever's name is on the account is the one who owes the debt.


Which type of checking account charges a small fee for every check that clears the account?

Cost-per-check account


When will rbi dispense with dormant account charges in Indian banking scenario?

rbi is yet to think of constituting a committee to find what dormant account maintenance charges are and how it impacts a depositor.