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in Account payable and account receivable

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13y ago

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The consumer should not spend more than what percent of their take home pay each month on credit purchases?

Ideally, a consumer should not use credit to make purchases that the consumer would otherwise not afford. The consumer should aim to pay off all credit balances at the end of the month. Technically, the aim should be to spend 0% on credit purchases.


Should I pay my current balance or the statement balance on my credit card?

You should pay the statement balance on your credit card to avoid interest charges.


Should I pay the current balance or the statement balance on my credit card?

You should pay the statement balance on your credit card to avoid interest charges.


Should I pay the statement balance or the current balance on my credit card?

You should pay the statement balance on your credit card to avoid interest charges.


Should you pay the current balance or the statement balance on your credit card?

You should pay the statement balance on your credit card to avoid interest charges.


What should one do if they have their credit card stolen?

If a credit card is stolen it has to be reported immediately. Follow up with a letter or email, check your statement for any unauthorized purchases. Make sure to keep copies of the letter and send it certified mail and ask for a return receipt.


Should I pay the last statement balance or the current balance on my credit card?

You should pay the last statement balance on your credit card to avoid interest charges.


When posting a column total in the purchases journal a credit should be posted to?

accounts payable


What transaction should I put on debt side and which one I should put on credit side?

All purchases on debit side and all sales on credit side.


Do you have to pay the statement balance or the current balance on your credit card?

You should pay the statement balance on your credit card to avoid interest charges.


Should credit sales be included on the income statement?

Wat


Should you pay the current balance or statement balance on your credit card?

It is generally recommended to pay the statement balance on your credit card to avoid interest charges.