0
When paying for a hotel or motel room with a credit or debit card will the card be billed when checking in or when checking out?
Wiki User
∙ 7y agoWant this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
Is rent a debit or credit?
If you are paying rent it is a debit. If you are a landlord receiving rent its a credit.
Is a service revenue that is billed but not paid a credit or debit?
A service revenue that is billed but not paid is an account receivable. Account receivables are assets and therefore you would "debit" the account.
What are the origins of debit and credit?
a debit card comes out of your savings and a credit card is something that you are billed with....lets say u bought a desk with a debit card an it costs u $50...that $50 comes out of your savings acount but if you bought that desk with a credit card you will be billed for $50 later in the month....its just better to use a debit card then a credit card...
What is the journal entry collected of the amount billed?
[Debit] Cash xxxx [Credit] revenue xxxx
How debit and credit related to transactions?
A debit is taken straight from the money you have in your bank account. A credit is taken, then the cost billed to you. With a debit, you pay now with no interest. With a credit, you pay later with possible interest added to it.
Is equipment a debit or credit?
it is a credit because more than likely the job is paying for it
What is the difference between check card debit card and credit card?
A check card and debit card are the same thing. Basically, if you already have a checking account, you would use a debit/check card the same way you would if you wrote a check. You make sure that you have the money in your checking account, scan the card at the retailer, and they will deduct that money from your checking account. A credit card is a loan. You don't necessarily need a checking account to have a credit card. When you swipe the credit card, the credit card company is paying for your purchase out of their money. In turn, they will send you a statement or invoice at the end of each month detailing how much you spent and how much you must pay. The major difference is that a credit card can lead to debt if you aren't disciplined. If you only use a check/debit card, you will never go into debt. When you run out of money in your checking account, new transactions will be declined.
Can a debit card increase your credit score?
No, because it has nothing to do with keeping or paying off credit.
Is office equipment a debit or credit?
it is a credit because more than likely the job is paying for it
Is office equipment debit or credit?
it is a credit because more than likely the job is paying for it
What are four methods of paying something?
Cash, debit, credit, check.
Is Advertisement a debit or credit?
It depends ! If you're advertising your business somewhere, then it's a debit. If someone is paying you to advertise their products or services, it's a credit.
