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When business receives money in advance....
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Can you close a credit card account if there's a balance on that account?
You can, but you'll still have to pay the balance monthly until it's paid off. Incidentally, if you're closing an account to help your credit, research shows that closing accounts in good standing can often ding your credit.
When does an account shows credit balance?
When you have paid more than you have charged to your credit card account. Alternately you may have paid considerably in advance before receiving the bill.
What is meant by Current Account balance in short?
It is the balance that the bank shows that you have in your account at that time
Sundry creditors shows?
sundry creditor shows credit balance
If you stop paying on a collection account that no longer shows on your credit report can the collection company report the unpaid balance to the credit bureaus?
Yes they can and they probably will. if you are concerned about your credit profile, it would not be a good idea to stop paying.
Can you close a credit card account if there's a balance on that account?
You can, but you'll still have to pay the balance monthly until it's paid off. Incidentally, if you're closing an account to help your credit, research shows that closing accounts in good standing can often ding your credit.
When does an account shows credit balance?
When you have paid more than you have charged to your credit card account. Alternately you may have paid considerably in advance before receiving the bill.
What is meant by Current Account balance in short?
It is the balance that the bank shows that you have in your account at that time
Sundry creditors shows?
sundry creditor shows credit balance
If you stop paying on a collection account that no longer shows on your credit report can the collection company report the unpaid balance to the credit bureaus?
Yes they can and they probably will. if you are concerned about your credit profile, it would not be a good idea to stop paying.
What is cr on a hsbc statement?
"CR" on an HSBC statement typically stands for "credit," indicating that a certain amount has been added to your account as a credit or positive balance. This shows money that has been received or deposited into your account.
What is sundry debtors and sundry creditors?
You may have a category of sundry, or miscellaneous, creditors on the books for occasional or small vendor relationships, rather than setting up a separate vendor account for these infrequent...If we provide some services to the vendors they are paying for our services therefore the person who are paying us becomes our sundry debtorssundry creditor shows credit balance.
How does settling a charged off account affect your credit?
It shows as a paid collection. Still a negative thing but shows you did settle account.
What does put in the black mean?
To be put in the black means that you have money or your account shows a positive balance. Being in the red means that your account has a negative balance.
The table shows the balance of an account each year.YearsBalance0$401$422$443$46What is the interest rate of the account What is the balance after 10 years?
hi
What type of account is Merchandise Inventory?
Merchandise Inventory is an asset account that shows up on the balance sheet.
Is stocks of other corporations included in the balance sheet investment account?
Yes investment account in balance sheet shows the investment in stocks of other companies only.
