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What does it mean if your account is debited?
It simply can mean anything. If its a personal account it means I received something. If its a Real Account then that means that an asset has increased. etc etc etc....
What does adverse accounts mean?
An Adverse account means a delinquent account. An account that has not received on time monthly payments, or payments at all.
What happens when cash is received in payment of an account?
Received cash from a customer as payment on account
What accounts affected in received payment on account?
"what accounts are affected and how when a payment on account is received from a customer
What is an outstanding deposit?
an outstanding deposit means cash received by the company and recored in their general ledger, but bank has not yet credited the bank account
What does it mean if your account is debited?
It simply can mean anything. If its a personal account it means I received something. If its a Real Account then that means that an asset has increased. etc etc etc....
What does adverse accounts mean?
An Adverse account means a delinquent account. An account that has not received on time monthly payments, or payments at all.
What happens when cash is received in payment of an account?
Received cash from a customer as payment on account
What accounts affected in received payment on account?
"what accounts are affected and how when a payment on account is received from a customer
What is the purpose of account receivable?
you can received the account in balance sheet.
What is an outstanding deposit?
an outstanding deposit means cash received by the company and recored in their general ledger, but bank has not yet credited the bank account
Accompanying the bank statement was a debit memo for an nsf check received from a customer?
This means that a check you took from a customer could not be deposited into your account because they did not have the money to cover their check. The bank deducted the amount of the check from your account.
When an account holder's purchase account is about to expire should?
Wait for the new account to arrive and destroy the old account once the new account is received and activated.
What is the meaning for account type DR?
The meaning of DR on an account is deposit received. This will show up on a person's statement when they have received money in their bank as a direct deposit.
What is a primary account?
I think it means your main account or your first account.
What is the entry for commission received in the trading profit and loss account?
Commission received will appear on the credit
Commission received what is journal entry?
Journal entry:[Dr.]Bank account xxxx[Dr.]Cash account xxxxx[Cr.]Commission Received xxxxCommission received is credited because it is our income and incomes are credited.
