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When creating a credit account for a customer you need to request?
Wiki User
∙ 11y ago
Credit references
Wiki User
∙ 11y ago
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When creating a credit account for a customer you need request?
Credit references
When a customer pays on their account is it a credit or a debit to the customers account?
debit a/r credit cash
How does EFT OPS work?
Assuming you mean EFTPOS (Electronic Funds Transfer Point Of Sale)... The customer uses either a credit or debit card to pay for goods. The card is 'read' by the cashier's register, and an electronic 'request' is sent to the customer's bank. If the funds are available (or the card has enough credit) - the funds are transferred from the customer's account to the store's account.
When does accounts receivable have a credit balance?
If an account has a credit balance the customer must have overpaid on their account or a credit was issued by the company and posted to the customers account, resulting in a credit or negative balance.
What is the difference between a Debit and a Credit as it relates to Accounts Receivable?
Accounts Receivable is an account that holds what a person or company owes your business. For example you sold a computer to a customer on credit, this credit is listed in an Accounts Receivable and is an asset.Asset accounts maintain a Debit Balance, meaning that a debit to the account will increase the account (in other words increase the amount the customer owes the company).A credit to the account will decrease the balance of that account (in other words, it records payment or credit to that customers account and decreases the amount the customer owes the company).
When creating a credit account for a customer you need request?
Credit references
When creating a credit for a customer you need to request?
Credit references
When a customer pays on their account is it a credit or a debit to the customers account?
debit a/r credit cash
How does EFT OPS work?
Assuming you mean EFTPOS (Electronic Funds Transfer Point Of Sale)... The customer uses either a credit or debit card to pay for goods. The card is 'read' by the cashier's register, and an electronic 'request' is sent to the customer's bank. If the funds are available (or the card has enough credit) - the funds are transferred from the customer's account to the store's account.
When does accounts receivable have a credit balance?
If an account has a credit balance the customer must have overpaid on their account or a credit was issued by the company and posted to the customers account, resulting in a credit or negative balance.
How do I get a WAMU credit limit increase.Long time customer 3050 current limit ok but trip to Europe needs higher.FICA score is 844. Was told customer can not request increase.Not possible to raise.?
Apply for another WAMU credit card and upon activation call customer service and have the new card consolidated into your original account. Your new credit line will be the old plus new credit line amount.
What is the difference between a Debit and a Credit as it relates to Accounts Receivable?
Accounts Receivable is an account that holds what a person or company owes your business. For example you sold a computer to a customer on credit, this credit is listed in an Accounts Receivable and is an asset.Asset accounts maintain a Debit Balance, meaning that a debit to the account will increase the account (in other words increase the amount the customer owes the company).A credit to the account will decrease the balance of that account (in other words, it records payment or credit to that customers account and decreases the amount the customer owes the company).
What needs to happen when a customer pays their account in account receivables?
debit revenue and credit receibables
What is the journal entry to write off customer accounts?
You would credit the customer account and debit bad debt.
A claim against a customer for sales made on credit is an account payable?
yes
What is credit and debit note in tally?
Credit authorization scheme.Debit Memo - It is a sales document used in complaints processing to request a debit memo for a customer. If the prices calculated for the customer were too low.
Credit line closed-grantor request-reported by subscriber?
Company Closed account
