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The person authorized to write checks on an account is called the account holder or account operating customer. He/she is the only person authorized to write checks on that account. Nobody else can do so. (In case of a joint account, all holders of the account can write checks)
A person on whose name the bank account is opened is called the bank account holder. He is the one responsible for maintaining the account.
This depends on what caused the increase. Accounts receivable is the account used when a person or company owes YOU money. With an increase in AR, that means you either performed a service or sold goods to a person or company on account. Since this is an "increase" you will (ADD) the amount to your Account Receivable and Income (or Revenue).
Yes. A Bank account is the personal property of the person who owns and operates the bank account. It will be considered an asset for the account owner. Anything that has a monetary value and belongs to someone is called an asset. Since a bank account is worth as much money that is in the account and belongs to a customer, it is the personal property of that person.
you mean 'Accrued' account, which means increased,or what you have added, saved.
The person authorized to write checks on an account is called the account holder or account operating customer. He/she is the only person authorized to write checks on that account. Nobody else can do so. (In case of a joint account, all holders of the account can write checks)
depends on bank
This is called an autobiography; if the account meets certain criteria, it may also be called a memoir.
No, once you have been added to an account, you have to agree to be removed
To know the amount of each person has and if a person added some money they need to update the amount they put in their account and how much they take out their account.
An account of somebody's life written by another person is called a biography.
It is called Deposit
compunding
compunding
compunding
You cant without having access to another account that is added. ie, if you have a friend who has added that person, you could use their account to look at their profile.
yes both partys will be responsible