answersLogoWhite

0


Want this question answered?

Be notified when an answer is posted

Add your answer:

Earn +20 pts
Q: What is a disadvantage for basic accounts?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Continue Learning about Accounting

What kind of IRA accounts are there?

There are many kids of IRA accounts. Traditional IRA, ROTH IRA, SIMPLE IRA and a few more are the various kinds of different IRA accounts. Traditional IRA accounts are one of the more common IRA but are also the most basic and simple to use.


What are the different types of deposit account?

The most common and basic types of deposit accounts are checking and savings accounts. These are both used to deposit money into if your place of work has direct deposit.


What companies use accounts receivable system?

Accounts receivables relates to credit customers. Sales on credit will go through receivables as well as any credit notes and payments for those sales. How_do_you_use_account_payble_and_receivableThese are basic accounts. Accounts Payable is used by one company to record the amount owed to it by another company or person. Accounts payable is a liability account. Say your company purchases.


How is a checking account different than a saving account?

Both Checking Accounts and Savings Accounts are basic types of bank accounts provided by banks to their customers. The difference is: a. There are limitations on the number of trasactions that can be performed in a savings account on a per month basis whereas for checking accounts there are no limitations b. The interest rate offered by banks on savings account is much higher than what is offered on checking accounts because banks offer almost no interest in them


What type of services are offered with a Bank account?

There are many different types of bank accounts and each of them offer different services. Savings accounts offer an interest rate, whereas basic checking accounts don't. One can ask at the local bank for more information which bank account is best for one's individual needs.

Related questions

What are the basic types of accounts in the Government Purchase Card Program?

Managing Accounts and Cardholder Accounts


What are the two basic types of accounts in the government purchase card program?

Managing Accounts and Cardholder Accounts


What are the advantages and disadvantages of basic language?

Basic languages of advantage and disadvantage please give the answer please


True false there are two basic types of accounts in the government purchase card program managing accounts and cardholder accounts?

True


What is the basic of accounting titles?

Basic accounting titles cover general accounts that all companies will have. For example all corporations will have retained earnings, dividends, and paid in capital accounts.


Is livejournal free?

Yes, the Basic and Plus accounts are free.


What are the advantages and disadvantages of input statement in basic?

You can answer people. People can answer you. What the real question is, how is it a disadvantage?


Where can one find information on basic bank accounts?

Information on basic bank accounts can be found online on websites like: "moneysavingexpert", "moneyadviceservice", "moneysupermarket". More information can be found at any bank.


What are the disadvantages of using checking accounts?

Many checking accounts do not offer interest on the money in your savings account. This is a disadvantage because the money you put in a savings account will collect interest, where a checking account will not.


Basic definitions of accounts?

The Chart of Accounts is really a list of "descriptions" used to describe the elements and events involved in financial transactions.


What are some types of money market accounts offered by Capital One?

Some different types of money market accounts offered by Capital One include Basic Savings Accounts, High-Yield Savings Accounts and Money Market Deposit Accounts. The best interest rates are available on the highest tier accounts.


What different accounts are offered at huntingtonbankcom?

There are several bank accounts offered at this website. Some are only available to some people. It largely depends on what your credit and income is like to determine if you qualify for all of them or just some basic accounts.