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In a â??Pay for Deletionâ?? letter an individual may offer a company an amount of money or payment in order for the company to delete negative information from their credit report.
If a customers account has a "credit" balance, this means the company owes that customer rather than the customer owing the company. Customer accounts tend to have a debit balance, meaning the customer owes the company that amount. It is rare when a company owes a customer, if this does happen, the account becomes a liability instead of an asset because of the fact that now the company owes money rather than is "owed" money.
Accounts receivable is basically the debt owed to a company by their customers. Therefore, if a company has a high amount of accounts receivable, the company is unable to use that money, as opposed to if it were cash. If a customer buys something on credit, it is an "I Owe You" to the company. The company is not able to use the money until the customer pays. Once the customer pays, the company has an increase in cash.
Your checking account is linked to a routing number that your bank sends to a credit company when you apply for a debit card. When you swipe your card in the machine and enter your pin, the credit takes the money in your account and gives you an equal amount out at the machine.
It's a credit - if a company buys something - then returns it, they get credited with the money they have spent.
It's called the outstanding balance - or more accurately... debt !
It's called the outstanding balance - or more accurately... debt !
A written order to pay a specific amount of money to a person or company out of an account is called a voucher.
The bank or credit card company may stop further payments and ask whether you are spending the money or a criminal?
Legally, any amount over a dollar.
company b director has loan money to company a . Company a not affort to refund money to him. So, company a suggest sold goods to company b for contra the above amount.
A credit on a credit card is the amount of money you are allowed to spend before you have to pay it back
In a â??Pay for Deletionâ?? letter an individual may offer a company an amount of money or payment in order for the company to delete negative information from their credit report.
They aren't 'money', they're a form of revolving debt. Imagine you use a credit card to buy something for £100. You haven't paid anything, but the company has received £100. At the moment, it is the credit card company who has paid for it. Now however you owe the credit card company that amount, plus some interest. When you pay this, the debt is gone, and the credit card company has made a little on it for their services. So rather than pay £100 now, you pay £105 at a later date.
A credit card is money loaned to you (credit) by the issuing bank or company. You may use it to pay for purchases up to the amount of your credit line. A debit card is based on your account balance and not on any loaned amount. You may use it to pay for purchases not in excess of your account balance.
Capital or credit.
The amount in your credit is increased by 5 equus for every day of connection. It is for when you run out of money(equus). You can credit your account, in other words, purchase 1 pass (with real life money) and you get the amount of money that is in your credit in exchange for the pass.