Want this question answered?
It means the original creditor has given up the account and sold it to a collection agency. It does not mean the debtor is relieved of the debt. Someone wants the money and they will get it, somehow.
I'm not sure what you mean by transferred...if you mean form say an Ameritrade account to a Schwab...no. There must be a change of ownership (or type of ownership), not just where held. Hence if you transfer from say an IRA to a non-tax defeered, or personal, account it would be taxable.
A sale "on account" would usually refer to a transaction where goods or services are transferred (sold) to a customer (buyer) on credit terms (to be paid for later at a specific time).
The balance is transferred to prepare the Partner's Capital and Current Accounts.
(Quoted from answers.com): Usually a temporary account containing costs or amounts that are to be transferred to another account. An example is the income summary account containing revenue and expense amounts to be transferred to retained earnings at the close of a fiscal period. (Quoted from www.teachmefinance.com): A a bank account used by a mortgage servicing company for the temporary, short-term deposit of mortgage payments that have been collected and are either awaiting transmittal to investors who bought the mortgages or awaiting deposit in escrow accounts. (Quoted from www.ofm.wa.gov/policysc/glossary.htm): An account used to accumulate total charges or credits so that they can be distributed later among the accounts to which they are allocable or so that the net differences can be transferred to the proper account.
He transferred his bank account from one area to other. This is the sentence containing transferred.
It means the original creditor has given up the account and sold it to a collection agency. It does not mean the debtor is relieved of the debt. Someone wants the money and they will get it, somehow.
I'm not sure what you mean by transferred...if you mean form say an Ameritrade account to a Schwab...no. There must be a change of ownership (or type of ownership), not just where held. Hence if you transfer from say an IRA to a non-tax defeered, or personal, account it would be taxable.
yes
It stands for Bank Giro Credit. It generally means that a company has transferred money into your account via BACS or a government agency has paid benefits into an account.
The difference between person fund and account fund is that a person fund is transferred to the recipient in person, while the account fund is transferred to the account of the recipient.
Can_a_dormant_account_be_closed_and_balance_transferred_to_Profit_loss_account
A sale "on account" would usually refer to a transaction where goods or services are transferred (sold) to a customer (buyer) on credit terms (to be paid for later at a specific time).
Money transfer refers to the transaction wherein money is transferred from one bank account to another. Ex: If you want to transfer $1000 from your account to your friends account then you have to perform a money transfer
It is sent back to the TODO
it is sent back to the TODO
A member account is paid for by the user and cannot be given away or transferred.