Only two types of credit card accounts in consumer credit. This is when a store or company issues a card with credit line say $1000. 1st is revolving credit which is like MBNA, Capital One, MasterCard, Visa, Orchard Bank, etc. Anything can be purchased at any store. A charge account is like Macy's, Foleys, Wal-Mart, etc. only items at that specific store can be purchased. Good Luck.
A credit card is a type of revolving credit, whereas a revolving credit account may or may not be a credit card. Revolving credit can also include other types of accounts, such as a revolving line of credit with a bank or a home equity line of credit.
what is difference between a current account and a cheque account
The biggest difference between an overdraft facility and a revolving loan is that a bank is required to make the revolving loan. An overdraft facility is only an agreement between the bank and the customer that fulfills requests that are no more than a certain amount. The revolving loan is also up to an agreed maximum amount, but only if the borrower agrees to the terms in their agreement.
revolving- When a planet moves around another in circular motion. rotating- When a planet spins on its axis
A revolving fund is continuously replenished as funds are withdrawn. A refund is a complete repayment, or payback, of a certain amount of money.
They are the same.
savings account earns interest.
The difference between person fund and account fund is that a person fund is transferred to the recipient in person, while the account fund is transferred to the account of the recipient.
Neutrons are the particles which account for the difference between the atomic number and the mass number.
The difference is a user account is for a certain person or a certain group but guest account is for anyone who uses that computer without a user account.
Rotation is spinning in place, but revolution is revolving or spinning around something.
How can I check my balance on Line
The Account balance.
Because it is different :):):):):):0
The main difference between a savings account and a checking account is that a savings account has an interest rate. A savings account is also mostly used for saving money, although, both accounts allow you to take money from them as you please.
what is the different between error of transposition and casting
Net Fixed Assets is the term used for the difference between the balance of a fixed asset account and the related accumulated depreciation.
i am a student and wanted to open my account should i open a current account or credit account
There is no difference. Crossed Cheque and Account Payee cheque both mean the same
The difference between an NRE and NRO account is that with an NRE account, you can't transfer money any way other than remittance from abroad. With NRO accounts, money is freely transferable.
audit is the official inspection of an organization's account and account is the record of money receive and spent.
when revenue is earned from charge-account sales, the accountant debits __________ and credits___________