cash on demand...
Neither.The liability for a bank is the actual checking or savings account (demand account), as this is money that is owed to the depositor. A bank check is simply a way to demand payment from the bank's liability account (or the depositor's asset account). The check by itself is not an additional liability to the bank above and beyond the actual account balance.
payment in suspense to customers account as receivable account
Received cash from a customer as payment on account
"what accounts are affected and how when a payment on account is received from a customer
cash on demand...
The duration of Payment on Demand is 1.5 hours.
Payment on Demand was created on 1951-02-15.
Neither.The liability for a bank is the actual checking or savings account (demand account), as this is money that is owed to the depositor. A bank check is simply a way to demand payment from the bank's liability account (or the depositor's asset account). The check by itself is not an additional liability to the bank above and beyond the actual account balance.
I Demand Payment - 1938 is rated/received certificates of: USA:Approved
payment in suspense to customers account as receivable account
I Demand Payment - 1938 was released on: USA: 13 December 1938
Yes, they can make a claim. The spouse is considered to have benefited from the debts.
Received cash from a customer as payment on account
This is a type of credit enhancement that guarantees payment of an obligation and must be paid by the enhancer on the demand of the note or bond holder.
"what accounts are affected and how when a payment on account is received from a customer
A payment on account by a customer happens when a customer pays a bill. For example, if a person had an account at a furniture store, each month, he or she would make a payment on their account to pay down their balance.