0
What else can I help you with?
What is the definition of bank overdraft?
Withdrawal of money in excess of credit balance
What does a negative credit balance mean on home loan statement?
Excess of repayment over scheduled or expected repayment. For eg. the expected balance in a HL account on a given date is 10,000/-, the actual account balance should have been 8,000/- as per the repayments made, the excess repayment of 2,000/- is negative credit balance or unadjusted repayment.
Is sundry debtors have debit or credit balance?
Sundry Debtors always have Debit balance, if it is showing credit balance ie, Advance paid by Sundry debtors or your customers, if you are given discount after making the invoice, or excess payment done by your customers then the Sundry Debtors balance will be Credit. Regards, Ajish
What is excess of assets over liabilities called?
Fund balance
What is the normal balance of a revenue called?
credit
Is any credit balance in a vendor subsidiary account an unpsid balance owed?
No, a credit balance in a vendor subsidiary account typically indicates an overpayment or a payment made in excess of the amount owed. This means that instead of an unpaid balance, the vendor may actually owe the company a refund or credit for future purchases. It's important to review the account details to understand the specific reason for the credit balance.
What is the excess of assets over liabilities called?
Fund balance
What the diff between credit and debit card?
A credit card is money loaned to you (credit) by the issuing bank or company. You may use it to pay for purchases up to the amount of your credit line. A debit card is based on your account balance and not on any loaned amount. You may use it to pay for purchases not in excess of your account balance.
Does accumulated depreciation have a natural debt or credit balance?
Accumulated Depreciation normally has a credit balance and because it is shown on the asset (ie debit) side of the Balance Sheet, it is called a "contra-account"
Is a credit balance an unpaid balance owed?
a "credit balance" is money that you have.
What happens when i pay my credit card when it says cr after the amount?
When your credit card statement shows a "CR" after the amount, it indicates a credit balance on your account. This means you have overpaid your credit card, and the excess amount will either be applied to future purchases or can be refunded to you upon request. Paying your credit card with a credit balance will not incur any additional charges, and you may not need to make a payment for future billings until the balance is used up or falls below a certain threshold.
Can you pay your credit card bill by another credit card?
Yes you can pay your credit card bill by another credit card. It is called balance transfers, you can transfer the balance of another credit card that has a high interest to a credit card that has a low interest. Hopefully this answers your question.
