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Family members.
Ex. Wife/Husband, Dad, Mom, Sisters/ Brothers.
If non exist, then it is taking out of what you own.
Ex. House, Car
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∙ 13y ago
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What places accept direct debits?
Almost any business that wants to stay in business now has to accept direct debits. It is the way that most people pay for things now. Just a swipe of the card and the sale is done.
Which companies offer direct debit guarantees?
A Direct Debit guarantee is a form of protection offered by the institution that the Direct Debit is accepted by. All banks and building societies that accept Direct Debits offer this protection.
Are Liability accounts are increased by debits?
No Liabilities will not be increased they will be decreased by debits
Are accounts normally decreased by debits?
All credit accounts are decrease by debits while all debit accounts are increased by debits and vice versa.
When a customer returns merchandise purchased on credit the retailer debits?
1. Debits Sales Returns, credits Cash 2. Debits Inventory, credits COGS
What is done to check the equality of debits and credits?
done to check the equality of debits and credits
When a company records depreciation it debits?
debits expense accounts and credits contra accounts
When I die who pays my taxes?
your estate.
What is a routing number used for?
A routing number is a nine-digit code used in the United States to identify a specific banking institution. It is primarily used for directing electronic funds transfers, such as direct deposits, bill payments, and wire transfers. Routing numbers help ensure that funds are directed to the correct bank and account during these transactions.
Are decreases in liabilities recorded as debits or credits?
Debits. Liabilities have credit balances so a debit will reduce such a balance.
What if Trial balance debits and credit equals?
If you do a Trial Balance and your Credits Equal your Debits, then more than likely your books are correct.In double entry accounting the debits and credits must balance or be equal.
What is direct and direct tax?
A direct tax is a tax that is paid directly to the government by the person who is working. An indirect tax is when a person pays taxes to a store and then the store has to pay the taxes to the government.
