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It means you owe the supplier "service provider" money.probably it happens when you mistakenly make a double payment.
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∙ 11y ago
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What does it mean to credit an account?
a/c in entry in the bank.....
What does a credit balance on partner's current account mean?
current liability
What does it mean when your credit report states that you have a paid closed collection account on you credit report?
The original account with a normal credit company went to a third party collection agency. Only after it went to the collection agency was the debt paid and then the account closed.
What does dormant accounts mean?
A dormant account is some sort of account or credit line that is open, but inactive. For instance, I have an equity line of credit with a zero balance. It is dormant.
Does Credit mean the increase side of an account?
what do you mean by increased side? it depends on which account you are talking. in bookeeping entries of a company a credit on its bank account means money going out the business. in a reserve account it means money being added to the reserves! If on the other hand you are talking about a bank account (personal) this normally means depositing.
What does CR mean on a bank account?
credit
What does it mean to credit an account?
a/c in entry in the bank.....
What do you mean by operating cash credit ac?
openinng cash credit its every time credit by account
What does a credit score of 9001 mean?
Account holder deceased
What does settled mean on your credit report?
A credit report will show that an account is either active or settled. If the account is settled, it means that it has been paid and is closed.
What does accounts mean?
A dormant account is some sort of account or credit line that is open, but inactive. For instance, I have an equity line of credit with a zero balance. It is dormant.
What do parentheses mean in a account balance?
That means that you have a credit on your account. So you don't have to pay anything to the credit card company because you paid too much, or you got a credit for something returned.
What does a credit balance on partner's current account mean?
current liability
What does it mean when your credit report states that you have a paid closed collection account on you credit report?
The original account with a normal credit company went to a third party collection agency. Only after it went to the collection agency was the debt paid and then the account closed.
What does dormant accounts mean?
A dormant account is some sort of account or credit line that is open, but inactive. For instance, I have an equity line of credit with a zero balance. It is dormant.
what does account number must be numeric mean?
It means you have to put the number of your account, like credit card number .
What kind of account for credit cards?
A credit account
