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State three possible reasons why a debtor's account might have a credit balance?
Wiki User
∙ 11y ago
Overpayment
Payment in advance
Credit note issued
Deposit received
Wiki User
∙ 11y ago
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What is the difference between debtors and sundry debtors?
why debtors and creditors are called as sundry? Debtors = In general business terminology means Customers to whom the goods are sold on credit. Sundry = Various Therefore Sundry Debtors means Debtors for various reasons and not merely for Credit Sales.
What brings about return inward?
Return Inwards are cheques that are rejected for any reason by the payee Bank. There can be a number of reasons for return inwards, like insufficient balance in the Debit Account, Account not present, Payee Signature invalid etc.
What does pending debit mean on your checking account balance?
it means the bank you are making a transaction at hasn't approved the transaction yet so you have to wait because they can always decline or reverse it. Reverse means to send the amount of money you wanted to transfer elsewhere back to the checking account and it could be a lot of reasons as to why they would decline or reverse the transaction.
Where is the account number on a bank card?
If this is in reference to a debit card, the checking account number is not found on the card, for obvious reasons.
Can a bank freeze account with out a debt?
Yes, a bank can freeze an account for a variety of reasons. They often do this when they feel their may be a security risk.
What is the difference between debtors and sundry debtors?
why debtors and creditors are called as sundry? Debtors = In general business terminology means Customers to whom the goods are sold on credit. Sundry = Various Therefore Sundry Debtors means Debtors for various reasons and not merely for Credit Sales.
Why would you freeze a checking account?
The most common reasons are to keep any fraudulent checks that have been written from being deducted from the balance. Or to keep an unwanted person from accessing the account to withdraw funds.
What are the reason where the balance sheet will not tally?
Balance sheet is the summary of Assets ,Liabalities , and profit or loss from Profit and loss account. following are the common reasons 1.As Purely based on nduble entry system For each ledger debits there should a equlent ledger credit on all transactions. 2. We can divide ledgers into Balance sheet items and Profil and loss account items. Balance sheet ledgers are ledger balances which directly reflects in Balance sheet Profit and Loss ledgers are ledgers which is reflecting only in Profit and loss account not in balance sheet. 3. Check the opening balance sheet, difference in opening balance sheet may the reason.
What brings about return inward?
Return Inwards are cheques that are rejected for any reason by the payee Bank. There can be a number of reasons for return inwards, like insufficient balance in the Debit Account, Account not present, Payee Signature invalid etc.
Why is my checking account showing a large negative balance?
There could be several reasons for a large negative balance in your checking account. It could be due to overspending or insufficient funds to cover transactions, such as bounced checks or declined debit card charges. It's important to review your account activity and contact your bank to understand the specific cause and work on a solution.
Which answer best indicates the dynamic balance of an ecosystem?
There are quite a key reasons why the balance of an ecosystem is dynamic. One of these reasons is that the weather is constantly changing.
How Can I Check My Account Balance on the Go?
By now, most consumers handle the majority of their finances online. Many consumers pay their bills, manage their bank accounts, and track their investments right from their computer. Unfortunately, you cant be by a computer all the time. What if you need to check your account balance while youre out shopping, traveling, or at work? Many wonder if there is an easy way to check their balance on the go.Is It Possible to Check My Account Balance When Im Away from a Computer?Banks have made it extremely easy for customers to check their account balances. If you are away from your computer, there are three easy ways to check your balance.The first way is just to call your bank. Many banks allow customers to check their balance without even speaking with a representative. As long as you have your account number, this should only take a minute or two. However, you could run into problems if you want to know more than just your account balance. Most phone systems will simply tell you your balance; they will not let you view recent transactions, fees, or account activity.To view recent activity, you can either log into your account on your smartphone or download your banks app. Many large financial institutions offer applications that allow customers to view their balance and manage their accounts on the go. When downloading a banking app, consumers need to be certain that the application was created by their bank. For privacy reasons, apps offered by third parties should be avoided.If youd rather not install an app, you can check your account by logging onto your banks website. Many banks have mobile websites that offer the same services as their regular website. Again, for privacy reasons, its important to make sure that you are on a secure network before checking your balance. Its too easy to steal information on a public network. Luckily, as long as you make the effort to stay safe, its easy to check your account balance and manage your money on the go.
What is closing account?
It means to close you bank account by personal reasons.
Why did Yahoo cancel your YahooAnswers account?
Wiki is a separate web site from Yahoo and does not have access to that information. See the link below for possible reasons listed by the Yahoo site.
What is various possible reasons for thread not entering in nut?
what are various possible reasons nut not entering in thread
What was reasons for colonization?
Three main reasons- Economic(They could increase mercantilism) - Defense ( Create a defensive buffer for England) - Charity ( Let the poor and the debtors in overcrowded prisons come to Georgia.)Keep in mind these were the reasons but not all of these reasons ended up working.And they wanted to become eshays
You receive an email from your bank requesting that you forward them your account password for security reasons?
You receive an email from your bank requesting that you forward them your account password for security reasons
