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Q: What is the definition of installment account?
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Letter format for recurring deposit installment complete so transfer this money in saving account?

Letter format for recurring deposit installment to from saving account


What is the account entry should do for a car company which is installment?

The account entry that you should do for a car company, if it's an installment payment, is a debit. This means that you have paid the bill and you deducting it from your bank balance.


Can we deposit monthly installment by transferring the amount from bank account to rd account?

we can do briton hhxjjkhjkhkjhfgjk


Do you have multiple penal interest on overdue account?

There is only single penal interest to be charged on an overdue account. We can have a separate penalty fee on overdue account when any installment becomes due.


What are the eight types of business transaction?

cash sales, credit sales,purchase on account,collection from sales on account,settlement of purchase on account, direct purchase on cash,installment sales and installment payment


What is the definition of due to?

on account of


Define installment buying?

You can repay back loans in "X" amount of days. You don't have to repay the loan right away. This is the same with credit.


Definition of checking account?

an account at a bank against which checks can be drawn by the account depositor.


How can you close your American General Finance account -?

Contact your local branch of AGFS. If the account was an installment loan, the account will "close out" at time of payoff. If the account is a revol line of credit, and has a zero balance, a written authorization can close the account or after 6mos of no activity the account will automatically close.


What is the definition of administrator account?

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How do you record a journal entry for an installment sale?

Installment A/r(dr) Installment sales(cr)


What is mod balance in a bank account?

what is the mod balance in account what is the definition of mod balance