answersLogoWhite

0


Want this question answered?

Be notified when an answer is posted

Add your answer:

Earn +20 pts
Q: What does credit to account of payee absence of endorsement guaranteed mean?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Continue Learning about Accounting

What must you do to deposit a check?

First, open a checking or savings account at a credit union or bank. Second, fill out a deposit slip. Third, endorse the check (sign it on the back in the area reserved for endorsement). Last, have the teller deposit the check in your account. You may be able to endorse the check and mail it in for deposit. Ask you bank or credit union about their procedures for that. If you do mail a check for deposit, include the phrase "for deposit only" along with your signature in the endorsement.


What is the difference between debit account and credit account?

There are two main differences that stand out between a Debit Account and a Credit Account, those are;A Debit Account always maintains a Debit Balance, meaning the account increases with a Debit to that account and decreases with a Credit to that account. These are generally Asset Accounts.A Credit Account is just the opposite, A Credit Account maintains a Credit Balance, meaning that the account increases with a Credit and decreases with a Debit, these accounts are usually used for Liabilities and Owners Equity (Stockholders Equity).


Does a Credit to a liability account increases or decreases?

It increases the credit account


What credit means that an account has been increased?

Any credit is an increase to an account. A debit is a decrease to the account.


How does a credit card account differ from a checking account?

A credit card account comes with a credit card, which can be used to authorize purchases of any value. The checking account does not come with a credit card and is used for issuing checks.

Related questions

What must you do to deposit a check?

First, open a checking or savings account at a credit union or bank. Second, fill out a deposit slip. Third, endorse the check (sign it on the back in the area reserved for endorsement). Last, have the teller deposit the check in your account. You may be able to endorse the check and mail it in for deposit. Ask you bank or credit union about their procedures for that. If you do mail a check for deposit, include the phrase "for deposit only" along with your signature in the endorsement.


Are guaranteed approval credit cards available if I have a poor credit history?

I'm sorry but unless you can get back on track, it is not guaranteed to get approved credit cards. My suggestion to you is to get out of financial distress and then apply for a credit card.


How can I receive guaranteed approval on a new credit card?

Guaranteed approval on a new credit card depends on the customer who is applying for the credit cards credit rating. Many credit card companies will lend you money with high interest rates if your credit is not good.


Where can I get detailed information on guaranteed approval credit cards?

Please go to the website creditkarma.com. There you will be able to find information on guaranteed approved credit cards.


Where can one find guaranteed loans even if one has bad credit?

One can find guaranteed loans even if one has bad credit from several different places. One can find guaranteed loans for those who have bad credit from banks, such as Wells Fargo.


What kind of account for credit cards?

A credit account


What companies offer guaranteed credit card approval?

When looking for a credit card some type of credit history assessment will have to take place. No companies will offer a guaranteed offer of credit. Some companies are easier to be accepted to if you have poor credit history such as a credit builder card.


Where is the best place to find guaranteed approval credit cards?

You can go to creditkarma.com. There you will be able to see all the guaranteed approval credit cards which are out on the market right now.


What kind of credit card is guaranteed approval?

There are multiple credit cards that offer you a guaranteed approval. The most popular are the First Progress Mastercard, the Capital One Mastercard and the Visa Credit Card by Open Sky.


Where does one find a guaranteed approval credit card?

There are a number of companies that offer a guaranteed approval credit card. One can get them from 'Capital One', 'Credit Karma' or one can use a comparison site like 'uSwitch'.


What is the difference between debit account and credit account?

There are two main differences that stand out between a Debit Account and a Credit Account, those are;A Debit Account always maintains a Debit Balance, meaning the account increases with a Debit to that account and decreases with a Credit to that account. These are generally Asset Accounts.A Credit Account is just the opposite, A Credit Account maintains a Credit Balance, meaning that the account increases with a Credit and decreases with a Debit, these accounts are usually used for Liabilities and Owners Equity (Stockholders Equity).


Does a Credit to a liability account increases or decreases?

It increases the credit account