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debit the client account (debtor account) and credit the income account (bill amount)
A service revenue that is billed but not paid is an account receivable. Account receivables are assets and therefore you would "debit" the account.
Their only similarity is the manner in which they are used at the point of sale. If you present a Debit card, the amount of sale is immediately deducted from your bank account. If you present a Credit card, the amount of sale is added to your credit account and then you are billed for payment monthly at a later date.
A purchase account holder recently discovered that the purchase account was billed multiple times for the same purchase. Prior to disputing, how should the account holder try to work out a resolution?
Basically the same as product revenue, when an entity is sent a bill for services rendered. The amount received is known as billed revenue.
debit the client account (debtor account) and credit the income account (bill amount)
You do not get billed to begin with! so NO!
A service revenue that is billed but not paid is an account receivable. Account receivables are assets and therefore you would "debit" the account.
An individually billed account or an IBA is a travel charge card account. It is used primarily by one individual and paid for by that one individual.
Individually Billed Account- An IBA is when a traveler makes their airfare reservations through a CTO and their government charge-card was charged for the amount of the ticket.
Individually Billed Account- An IBA is when a traveler makes their airfare reservations through a CTO and their government charge-card was charged for the amount of the ticket.
Individually Billed Account- An IBA is when a traveler makes their airfare reservations through a CTO and their government charge-card was charged for the amount of the ticket.
Their only similarity is the manner in which they are used at the point of sale. If you present a Debit card, the amount of sale is immediately deducted from your bank account. If you present a Credit card, the amount of sale is added to your credit account and then you are billed for payment monthly at a later date.
No. You will get billed. Do this enough and they will cancel your account.
A few weeks after I had a contractor build my house, I was billed the amount it cost him to do so.
A purchase account holder recently discovered that the purchase account was billed multiple times for the same purchase. Prior to disputing, how should the account holder try to work out a resolution?
You, the travel charge card holder