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What account might iTunes use when it incurs shipping costs on account?

t account


What account shows the total gross earnings that the employer incurs as an expense each payday?

Wages expense


What is vote-on-account?

A vote on account is a statement whereby the government estimates the sum required to meet the expenditure it incurs. This is usually within the first 3 to 4 months of election.


What is a bounced cheque?

When the bank has not enough funds in the relevant account or the account holder requests that the cheque is bounced (under exceptional circumstances) then the bank will return the cheque to the account holder. The beneficiary of the cheque will have not been paid. This normally incurs a fee from the bank.


What does it mean when a cheque bounces?

When the bank has not enough funds in the relevant account or the account holder requests that the cheque is bounced (under exceptional circumstances) then the bank will return the cheque to the account holder. The beneficiary of the cheque will have not been paid. This normally incurs a fee from the bank.


What causes a check to bounce?

When the bank has not enough funds in the relevant account or the account holder requests that the cheque is bounced (under exceptional circumstances) then the bank will return the cheque to the account holder. The beneficiary of the cheque will have not been paid. This normally incurs a fee from the bank.


Which type of account typically has low liquidity?

A certificate of deposit (CD) typically has low liquidity. This is because funds deposited in a CD are tied up for a fixed term, and withdrawing them before maturity usually incurs penalties. As a result, access to cash is limited during the term of the investment, making it less liquid compared to savings or checking accounts.


Why might banks require a minimum balance be maintained n savings account?

Providing you a bank account and service at the branch means that the bank incurs some expenses or should I say cost. In order to cover for that cost, banks usually specify a minimum balance based on the type of account and services you wish to avail. This minimum balance should be sufficient to offset the cost the bank incurs in providing you with the requisite services. At the end of the day, it is a business for the bank and their motive is to make a profit while providing you with banking services. That is why they require you to maintain a minimum balance on your savings account.


Expenses that have been incurred but have not been recorded in the accounts are?

Incurred Expenses also sometimes known as Accrued Expenses are expenses that a company incurs but has not yet paid. Unless the company in question uses Cash Basis Accounting, the transaction should be recorded immediately as a debit to the appropriate expense account and a credit to the appropriate payable account.It is an "unrecognized" expense until it is recorded, not necessarily paid.


Which month incurs crashes in Florida?

January


Why do banks charge Minimum balance fee?

The bank incurs certain expenses in maintaining our accounts and providing the banking services. By fixing a minimum balance, the bank can be sure of the amount of money it can have in its reserves and plan its cash flows better.


Which form of business incurs double taxation?

Corporation