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What else can I help you with?
When the seller is paid the customers account is what?
The customer's account is credited.
How do you remove payment from suspense account to customers account?
payment in suspense to customers account as receivable account
Is it Taxable Income to the customer if the Bank messed up the customers account and after complaining and threatening legal action the bank paid the customer 5000 dollars?
Yes
Why are accounts receivables inevitable?
Because few going concerns are paid the moment someone buys their product. The customers are billed at certain times during the month and if paid the amount in A/R will go down and cash will go up. The purchase is reflected on the customers balance sheet as an Account Payable which will go down when the supplier is paid. They no longer owe money for their purchase. Their cash account will go down as well because they had to take the money out to pay the supplier.
How does money in my account benefit the bank. does it mean the bank is richer?
The money you deposit into your account is an obligation for the bank to be paid to you anytime you want. The bank would lend this money to its other customers and earn an interest income from it.
Has Nelnet confirmed that my account is paid in full?
Yes, Nelnet has confirmed that your account is paid in full.
What is tax paid by customers?
sales tax
How can banks afford to pay interest on their customers savings account deposits?
The bank does not just hold on to the money you retain in your savings account. Instead, they offer loans to other customers using that money. The loan customers pay an interest to the bank and the bank in turns offers the savings account holders an interest. Since banks make money by lending our money, they offer us an interest.
Is it pay on account or paid on account?
The correct phrase is "paid on account," which refers to a payment made towards a debt or account balance. "Pay on account" can be used in a different context, typically as an instruction to make a payment. However, when discussing a transaction that has already occurred, "paid on account" is the appropriate term.
Can your salary be paid into a bank account in a different name?
No. A person's salary can be paid only into a bank account that is held by the person to whom the salary is paid. For ex: if I work ABC company and get a monthly salary of USD $3000, the money can be credited only into a bank account that has my name as the account holder. It cannot be paid into your bank account.
What is the normal balance of a additional paid-in capital account?
Additional Paid-in Capital is a normal credit balance account.
What is a past participle of pay?
Paid. The money was paid into my account.
