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Q: What is The difference between total payments and total charges to an account is called?
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Continue Learning about Accounting

What is the difference between a balance ledger and cash available for withdrawal?

The best answer I have found for this is that the ledger balance shows how much money of yours is actually within your account, even if some of it is about to be sent for payments of checks and charges and the like. The available balance is the rest, the money in your account not about to be used to pay any charges and is immediately available for withdrawal. Source: http://www.bangkokbank.com/Bangkok+Bank/Personal+Banking/Internet+Banking/FAQ/Virtual+Bank+Accounts.htm#2


What is the difference between unit cost and unit price?

Unit Cost is what the manufacturer charges a dealer for the item. The Unit Price is what the dealer charges a customer.


Does interest still accrue on your balance once you have closed a credit card account?

Yes, just like any other loan. Late charges, too, if you don't make the payments on time. If you close an credit card account with the bill remaining, do you still have to pay for it.


Why are there itune charges on my credit card account stop the charges or get a valid talk to a live person phone number?

IF you think you have rogue charges on your account - contact your bank and have them (a) stop the transactions, and (b) investigate why these charges are appearing.


How do you calculate average daily balance?

AnswerTake the account balance at the end of each day's business. Add all of these balances and divide by the number of days. Average Daily Balance is the practice of crediting an account from the day a payment is received or debiting an account on the day a charge is made. It is a daily tracking of what is owed. The lender adds the beginning balance for each day in the billing period to the charges made that day, and then subtracts any payments and/or credits made to the account that day. Adjusted Balance adds charges and subtracts payments made during the billing cycle from the balance at the end of the previous billing cycle. This method is more advantageous to borrowers and credit card holders.

Related questions

How much potential difference is there between two identical charges?

There is no potential difference between identical charges


What is the definition of atomic charges?

The difference between the positive charges (protons) and the negative charges (electrons).


What is the difference between a balance ledger and cash available for withdrawal?

The best answer I have found for this is that the ledger balance shows how much money of yours is actually within your account, even if some of it is about to be sent for payments of checks and charges and the like. The available balance is the rest, the money in your account not about to be used to pay any charges and is immediately available for withdrawal. Source: http://www.bangkokbank.com/Bangkok+Bank/Personal+Banking/Internet+Banking/FAQ/Virtual+Bank+Accounts.htm#2


Can a credit card continue to allow automatic charges on your account after you ask to have the account closed?

Not if you ask them to close it in writing and you have NO balance.


Difference between floating charges and fixed charges?

Floating charges will change and fixed charges will stay the same. The stipulations should be detailed in the fine print or contract regarding the specific charges.


What is the cardholders statement of account?

The cardholders statement of account is the itemized list of charges that have occurred for the month. This will also include payments for that account.


What is the difference between service charges and service tax?

Sorry i dont know


What is the difference between force and charge?

Force acts on charges. This is demonstrated by Coulomb's law.


Why is it important to make payments on time?

If you fall behind on payments you may often receive late charges.


Why would you record online bill payments in your check book register?

Record your ATM charges since the money comes out of the account immediately and you can easily end up with a overdraft if you don't.


How do you create a potential difference?

Potential difference arises between two conductors when there is a difference in the charge content between them. So, to create it u can take out or pump in charges, which is the job done by a battery.


Who should one contact in order to dispute credit reports?

To dispute your credit report, one should contact their credit card provider to account for any false charges. Check with the bank as well to make sure there are no outstanding payments to be made or missed payments.