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Who pays the credit card bill when the decedent's son used decedent's credit card to pay for her funeral expenses and the estate has no money to pay bill Does decedent's son need to pay for the charge?
Wiki User
∙ 16y ago
If the decendent's son was also named on the credit account, (which it must be if he used the card) then he needs to pay the debt. Hopefully, he did not spend money he cannot pay back.
Wiki User
∙ 16y ago
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Is it legal to charge customers for credit card expenses under five dollars?
Yes, the credit card business is a very serious business.
Do you debit or credit expenses?
Expenses are a debit transaction.
what exactly are corporate credit cards?
A corporate credit card is a credit card made just for a business. It is extremely useful to a business owner to keep personal and business expenses seperate. It will also give the business a useful tool to allow the employee to charge expenses with the card rather than have to submit reimbursement requests.
How is a decedents credit union account probated?
Every financial institution has its own (and the states) rules and regulations regarding this. You will have to address your concerns to the credit union to learn what they require.
What is the entry of accrued traveling expenses?
[Debit] Accrued traveling expenses [Credit] Accrued expenses payable
Are accrued expenses a debit or credit balance?
credit because it is a liability.
How do you be written off preliminary expenses?
[Debit] Amortization of Preliminary expenses xxxx [Credit] Preliminary expenses xxxx
What account do you debit when you credit operating expenses?
DR Operational Expenses CR Accounts Payable
How do you journalize accrued selling expenses?
[Debit] Selling Expenses [Credit Selling expense payable
What account do you credit when you debit operating expenses?
DR Operational Expenses CR Accounts Payable
What is journal entry of outstanding expenses paid?
[Debit] Outstanding expenses [Credit] Cash / bank
Can you take the fees credit card companies charge you for accepting credit card cards in your business as a tax write off?
These fees are part of the cost of doing business and reduce your taxable business income the same as other business expenses do.
