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How do you get your down payment back on foreclosed property?
Your down payment was used to purchase the property and was paid directly to the seller. You don't get it back.
What is an irrevocable bank payment undertaking and what are its benefits to the seller?
And your revocable bank payment is a bank payment that cannot be rescinded. The advantage to the seller is once the payment is issued, it cannot be canceled.
What are the differences between hire purchase and deferred payment?
........hire purchases,-propert is on the possession by the buyyer,but the right to own the goods remain to the seller until to the last installment paid.,.while DEFERRED PAYMENT- the right to own the propert shift to the buyyer soon after pay the down payment,but the p possession of propert is remain to the hands of the seller until the last installment is paid
What are accruals in terms of finance?
Accruals are considered (in terms of finance) as liabilities or assets, which still have to be paid. They are however recognized before they have even been paid. This is due to the extremely high likelihood of payment by well-known customers.
What is collect payment mean?
Collection payment refers to the process of receiving payment from customers or clients for goods or services provided. This can include various methods of payment, such as cash, checks, credit card transactions, or electronic transfers. It is an important aspect of managing a business's cash flow and ensuring that outstanding invoices are paid promptly
When the seller is paid the customers account is what?
The customer's account is credited.
How do you get your down payment back on foreclosed property?
Your down payment was used to purchase the property and was paid directly to the seller. You don't get it back.
What are the difference between purchases and deferred payment?
........hire purchases,-propert is on the possession by the buyyer,but the right to own the goods remain to the seller until to the last installment paid.,.while DEFERRED PAYMENT- the right to own the propert shift to the buyyer soon after pay the down payment,but the p possession of propert is remain to the hands of the seller until the last installment is paid
How much would a Tudor water seller be paid?
He would set a rate for his water and customers would pay him as he sold it.
I have paid 2500 dollars on a 2700 dollar car and sellers refuse to accept final payment and are threatening repossession. What are my rights?
A seller may not refuse final payment in an attempt to repossess.
What is the difference between CPT and CFR incoterms?
As per CPT incoterm, the destination terminal charges will be paid by the seller. In CFR, seller will be responsible for till payment of carriage charges, the rest buyer is responsible
What is an irrevocable bank payment undertaking and what are its benefits to the seller?
And your revocable bank payment is a bank payment that cannot be rescinded. The advantage to the seller is once the payment is issued, it cannot be canceled.
Can the cash for down payment includes the closing cost?
A total down payment includes the required down payment for the loan and whatever settlement charges are not being paid by the seller. If this is related to that FHA question earlier, it would be 3.5% plus whatever settlement charges aren't being paid by the seller. If you're coming up short, you might have the option of raising your interest rate and having less or no closing costs.
What are the differences between hire purchase and deferred payment?
........hire purchases,-propert is on the possession by the buyyer,but the right to own the goods remain to the seller until to the last installment paid.,.while DEFERRED PAYMENT- the right to own the propert shift to the buyyer soon after pay the down payment,but the p possession of propert is remain to the hands of the seller until the last installment is paid
Advances from customers appear in the accouting?
If you are the seller and recieve an advance payment from a customer, it means you are owing the customer and as much a creditor. Your cash is debited and the customer ( Customer's deposit account) credited;
How do you remove payment from suspense account to customers account?
payment in suspense to customers account as receivable account
What is invoice receipt?
An invoice or bill is a commercial document issued by a seller to a buyer, indicating the products, quantities, and agreed prices for products or services the seller has provided the buyer. An invoice indicates the sale transaction only. Payment terms are independent of the invoice and are negotiated by the buyer and the seller. Payment terms are usually included on the invoice. The buyer could have already paid for the products or services listed on the invoice. Buyer can also have a maximum number of days in which to pay for these goods and is sometimes offered a discount if paid before the due date
