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What else can I help you with?
What is BISL BACS account?
BISL BACS account refers to a Bankers' Automated Clearing Services (BACS) account provided by the Bank of Ireland Securities Services (BISS). BACS is a system used in the UK for electronic funds transfers and direct debits. The BISL BACS account allows customers to automate payments and collections, streamlining financial transactions. It is a secure and efficient way to manage payments electronically.
When a customers account is paid the customers account is?
"credited".
Can you fax for your customers?
Yes of course, provided they have a fax machine or internet fax account like Extremefax internet faxing.
How do you remove payment from suspense account to customers account?
payment in suspense to customers account as receivable account
What is the difference between overdraft and overdrawn?
Overdraft is a feature provided by many banks to its best customers wherein, the customer can withdraw money from their accounts even if there is not sufficient balance in their account. The overdraft limit is set by the banks based on the customers history with the bank and his earning potential. An account is said to be overdrawn if the customer has withdrawn more money that what he has in the account.
How banks get their profits?
Banks get their profits from the below actions:By charging customers for the services offered to them - Ex: Charges for fund transfers, Charges for account maintenance & opening etcBy getting interest from customers to whom loans are provided.
What accounts are affected when you bill customers for delivery services on account?
When you bill customers for delivery services on account, the accounts affected are Accounts Receivable and Revenue. Accounts Receivable increases, reflecting the amount customers owe for the services provided, while Revenue increases to recognize the income earned from the delivery services. This transaction does not immediately impact cash, as the payment is expected to be received later.
When the seller is paid the customers account is what?
The customer's account is credited.
What is the accounting journal entry for billed customers for services provided?
debit accounts receivablecredit services revenue
What are the services bank provide to its customers?
Some of the services provided by banks to its customers are: a. Checking/Current account b. Savings accounts c. ATM Cards d. Check Books e. Deposit Accounts f. Loans g. Credit Cards etc
Should Theo click the link when he receives an email from his bank while at work that emphatically states he must verify his personal information immediately or his account will be closed?
This is one of the most common forms of Phishing. Luring customers to think that their account is closed and making them enter their account information in a fake site where they get registered and then these people will access your account using the details you provided and steal your money. Beware!!! No bank would send such emails.
What types of customers make up your banks primary customers base?
Current account holders.
