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On Net 30 unsecured accounts through businesses can the creditor of the Net 30 account seize the property purchased from them if the original purchaser goes past the Net 30 terms?
Wiki User
∙ 14y ago
No. Not unless it was leased material. there are hundres of free business credit videos at http://gboogie.net
Wiki User
∙ 14y ago
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What is the most common form of credit used by consumer?
Revolving unsecured credit accounts (credit cards).
What is unsecured debt?
Any debt that does not have collateral property attached to it, (credit cards, personal loans, pay day loans, etc.). Secured debts are real property (homes, business, vehicles, goods purchased on merchant accounts, perfected liens, etc.).
What services does JP Morgan Chase offer to businesses?
Chase has multiple services for businesses such as advanced checking accounts and special lending services. Also they offer business credit cards.
What is dept factoring?
Debt factoring or accounts receivable financing is a powerful tool that businesses can use to improve cash flow.
What services does Alliance and Leicester Banking offer to small businesses?
Alliance and Leicester Banking offer small businesses a variety of loans suitable to their industry. Small business savings and checking accounts are available.
Can you deduct your unsecured debt from bank accounts when applying for government benefits?
No, There are assets and liabilities. An unsecured loan is a liability that does not offset an asset.
Do you have to be in business to have hsbc business internet banking?
HSBC Business Internet Banking has accounts for people with businesses but they also offer accounts for people without businesses. Personal accounts and business accounts.
What is the most common form of credit used by consumer?
Revolving unsecured credit accounts (credit cards).
What are some examples of accounts receivable and accounts payable?
Accounts Payable (AP) is the money owed to the vendors and suppliers for the products or services purchased. Accounts Receivables (AR) is the money due to the businesses for the goods or services delivered but not paid for yet bet the clients. Vee Technologies is one of the global leaders in Finance and Accounting services that ensures that Accounts Payable and Accounts Receivable are up to date.
What is unsecured debt?
Any debt that does not have collateral property attached to it, (credit cards, personal loans, pay day loans, etc.). Secured debts are real property (homes, business, vehicles, goods purchased on merchant accounts, perfected liens, etc.).
Why do businesses prepare control accounts?
don't know and what control of accounts do you need in a business
What is the difference between unsecured priority and unsecured non-priority?
Examples of unsecured priority debts are, child and/or spousal support, delinquent taxes, rent and utility arrears, any fines or restitution(s) that have been ordered by the court. Unsecured non-priority are, store cards, unsecured personal loans (unless held by a bank where the person has accounts), credit cards, and so forth.
Do most businesses periodically remove bad accounts from their books?
True
Why do popular businesses have to make their accounts available for the public?
Popular businesses do not have to make their accounts open to the public if they are privately held, but publicly traded companies do. This allows investors to evaluate whether to invest in a firm or not.
Pledging in regards to accounts receivable?
Pledging basically means the purchaser promises (pledges) to pay the dues to the seller in accordance with the terms and conditions of the sale.
What does the Journal entry look like for an Accounts Payable transaction?
[Debit] Goods purchased [Credit] Accounts payable
What are trading accounts used for?
Trading accounts are used by businesses to manage their financial affairs and to keep the money all accountable and traceable. The use of them means that auditing accounts is easy.
