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What is the service balance?

Updated: 9/21/2023
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Q: What is the service balance?
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Is service revenue a debit?

Revenues has credit balance as default balance and as services revenue is also a revenue account it means it should have credit balance as well and not a debit balance.


Difference between balance of trade and balance of payment?

Balance of Trade is the accounting of goods and service imported and exported. Balance of Payments is the accounting of money owed and loaned other nations.


How do you deactivate latest t20 cricket scores service?

i have no balance.


How much is a typical mothly service fee?

Impossible to answer... 'service' fees are usually a percentage of the outstanding balance.


Is there a difference between a merchandiser's balance sheet and a service company's balance sheet?

Yes in merchandiser balance sheet there is stock of items available in balance sheet while in services balance sheet there is no inventory item available.


What is the real difference between balance of trade and balance of payment?

Balance of Trade is the accounting of goods and service imported and exported. Balance of Payments is the accounting of money owed and loaned other nations.


Elements of balance of payment?

Trade in goods Trade in service Imports and Transfer are the 4 main element of the balance of payment.


A wireless phone carrier refused service due to an unpaid balance that was legally discharged in bankruptcy Can they do that?

Sure. They have a right to refuse service if they choose. But the caveat was "unless I paid the balance" so it sounds like they're trying to collect on a balance that was discharged which is not legal.


How do you calculate bank balance?

call the banks customer service and ask for your balance. Make sure all checks and debits have been taken out, if they have not, then subtract them from the balance the bank tells you. That number would be your balance


What appears in the Balance Sheet columns of the work sheet?

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Is service revenue a debit or cedit?

Services revenue is also a revenue and like all revenue accounts which have credit balance as normal balance, services revenue also has a credit balance.


How to avoid multiple balance transfer fees?

They only way to avoid multiple balance transfer fees is by not transferring balances. That fee is a set in the banks Terms of Service agreement and will always be charged if you transfer balance. Read your credit cards terms of service before signing anything.