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Match each fee or payment with the type of account or insurance?
Wiki User
∙ 9y ago
Non-sufficient funds fee: Checking account; Cash advance fee: Credit card; Co-pay: Health insurance; Interest payment: Mortgage
Amelia Bingham
Wiki User
∙ 9y agoThere are many different types of insurance plans. Each plan will have a different fee applied to it. Some of the types of insurance include home, health, car and life.
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What is a payment on account by a customer?
A payment on account by a customer happens when a customer pays a bill. For example, if a person had an account at a furniture store, each month, he or she would make a payment on their account to pay down their balance.
What does Account Description mean?
Account description varies from place to place. For instance, an account description for a gas account would mean the unique name that you create for each payment.
What is a revolving account?
{| |- | A revolving account is an account that requires a minimum payment each month in addition to a service charge. When the balance decreases, the service charge/interest also declines. To learn more about credit terms you can visit bills.com |}
ER pays 12 EE pays 12 insurance How do you book this in an journal entry?
Assuming the employee paid via payroll deduction, most companies would post the P/R deduction as a credit to Insurance Expense (or a credit to a contra-account called something like Employee's Contributions to Insurance Expense) directly from the payroll entry. However, you could also post the P/R deduction credit to a liability account called Employee Insurance Payable. Then, when the insurance invoice was posted, half would be debited to Insurance Expense and half to the liability account. This would give you more cost control if you reconciled the payable account with each invoice.
Can you have two checking accounts same bank?
Yes, this is commonly done by people who have over $250,000. Each account would be insured by the FDIC (Federal Deposit Insurance Corporation) so if that bank went under that individual would be paid by the FDIC for each account, and that individual wouldn't lose all of his money.
What payment on account by a customer?
A payment on account by a customer happens when a customer pays a bill. For example, if a person had an account at a furniture store, each month, he or she would make a payment on their account to pay down their balance.
What is a payment on account by a customer?
A payment on account by a customer happens when a customer pays a bill. For example, if a person had an account at a furniture store, each month, he or she would make a payment on their account to pay down their balance.
What does Account Description mean?
Account description varies from place to place. For instance, an account description for a gas account would mean the unique name that you create for each payment.
Does a bank have insurance on my money?
If your bank is FDIC insured then your deposits are covered by the US government. Each account will have a maximum insurance limit which changes from time to time.
What is the fine for driving without insurance?
It depends on where you are when you get the ticket. The fines and associated punitive fees for driving without insurance are determined by each jurisdiction. Generally you can read the back of your citation for contact and payment for your jurisdiction.
What is a revolving account?
{| |- | A revolving account is an account that requires a minimum payment each month in addition to a service charge. When the balance decreases, the service charge/interest also declines. To learn more about credit terms you can visit bills.com |}
If you have an escrow account with a mortgage do you pay interest on the escrow amount of the payment each month?
Interest is only calculated on the principal balance of the loan. For example, on a 30 year loan, if your principal balance (or loan balance is $100,000.00, and your interest rate is 5.000%, your monthly Principal and Interest payment amount would be about $537.00. Your first payment would include approximately $417.00 in interest, which would gradually decrease, as the principal payment would increase. If you have a reserve or escrow account set up for the payment of Taxes and Hazard/Homeowners Insurance, then your monthly payment would include the monthly payment amount for those items. Below is an itemization of a typical mortgage payment with the above Principal and Interest calculation, and showing how your mortgage lender will calculate the monthly amounts. Annual Property Taxes: $3000.00 / 12 Months Monthly Tax Amount: $250.00 Annual Hazard/HO Insurance: $600.00 / 12 Months Monthly Insurance Amount: $50.00 --------- Principal: $120.00 Interest: $417.00 Tax: $250.00 Insurance: $50.00 TOTAL PAYMENT $837.00 --------- For more information on this subject, visit this website. They have a wonderful real estate dictionary and FAQ section under the resources tab. http://www.eescrowservices.com Also, just for your information, many states do not allow lenders to collect the interest on the pooled reserve account. You'll need to check with your state's banking regulatory commission or department. One last thing...the figures shown here are estimates and will differ from the amounts that your lender provides to you.
Is it possible to assign Unlimited World subscription to all team-members in a business account?
World of Warcraft does not have a business account type of payment plan. each player has to have their own account. The closest you can get to a discount is paying several months in advance.
How do you contact IRS about PM not deducted from your bank account for back taxes?
I made arrangement to have $100.00 deducted each month for 2005 back taxes. IRS did not take a payment out of my checking account who do you contact about this
What are the PA food stamp dates for 2013?
You can find what you are looking for here on this site. You'll have to go through each one to find the date of your last payment to match it up to the rest of the year. Just that there are to many dates to match them up.
Match each type of insurance with a situation in which the insurance would be useful.?
Life insurance: When you want to provide for your family after you die; Renter's insurance: When your personal possessions are stolen from your apartment; Disability insurance: When you have to take a month off from work because of an injury or illness; Liability insurance: When you cause a car accident that injures other people.
What does monthly periodic payment means?
a monthly periodic payment is a payment made each month at a specific time each month. This can either be a payment made to an individual such as an annuity payment, or a payment made from an individual such as a loan payment.
