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What else can I help you with?
What is billing account?
Accounts receivable is money that was owed to you being paid/
When a person writes a cheque where is the money coming from?
It comes from their bank account named (usually by an account number) on the cheque. It is essentially an instruction to their bank authorising (with a signature) the movement of their money either being transferred to the recipients account or being withdrawn as cash.
Can you legally take money from your husband's checking account?
No, not without being on his account...or actually having approved access to it by him.
Why the journal entry is debit when the owner withdraws money from the business account for personal use?
It is a debit because money is being taken from the account. You debit the owner's capital account and credit cash/bank.
Can you explain what it means when your account is debited?
When your account is debited, it means that money has been taken out of your account. This could be due to a purchase, a withdrawal, or a fee being charged.
Why do checks have account numbers on them?
Checks have account numbers on them to uniquely identify the specific bank account from which the funds are being withdrawn. This helps ensure that the money is taken from the correct account and deposited into the correct account.
How do you find if Im being scammed by a Nigerian?
If they ask you for money or your bank account information.
Benefits of Rolling Over a 401k to a Roth IRA?
When you are saving for retirement, you may have access to a company sponsored 401k account. However, after you leave the company, you may have to close the account. When closing out a 401k account, you should consider rolling the money into a Roth IRA account. It is important to roll the money into a Roth IRA account because you will be able to avoid being taxed on your money. If you do not roll over your money, you could end up being taxed and may also have to pay up to a 10% penalty for withdrawing money prior to your retirement date.
Can you keep money deposited into your bank account by mistake?
You are responsible for any money that is present in your account. If you feel some transaction (a deposit) has happened in your account which you are not aware of, you must notify the bank of the same. If you happen to hold on to this money and it so happens that this money was being used by terrorists and they put it into your account by mistake, you will also be in trouble. So it is better if you intimate the bank reg. this.
What is money placed into an account?
money in a bank account, when u put money into an account it is called a deposit.
How do you protect a checking account from being attached by a judgment?
Take all the money out and close it out as fast as you can.
Is receiving payment from account customer a liability?
Because money is being received from customer we are not owing.
