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Who wins in credit transaction?

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โˆ™ 2010-12-01 17:07:24

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the loaner

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โˆ™ 2010-12-01 17:07:24
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Economics

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Which of these is an example of a fixed expense

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What makes a credit card more convenient than a debit card

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Related questions

What are the major documents for credit transaction?

what are the major documents used in credit transaction


How does a cash transaction differ from a credit transaction?

A cash transaction is actually using money you have at the time ; A credit transaction is spending money that you don't actually pay immediately , but at a later date


Explain the difference between a cash and credit transaction for purchass and sales?

explain the difference between cash and credit transaction


Is payment by check a credit or cash transaction?

Paying by cheque is a cash transaction. Assets: debit =increase credit=decrease


What is meant by transaction?

paper transaction is the transaction against which on credit or cash received or paid it is just in papers


How do you know if a transaction is already approved for a government credit card?

The transaction list displays an Approved status for the transaction


What is meant by paper transaction?

paper transaction is the transaction against which on credit or cash received or paid it is just in papers


Is trade debtors a debit or credit transaction on the trial balance?

credit


Is credit card a cash transaction?

Purchase with a credit card is not considered a cash transaction, as the person making the purchase does not pay for the item until they pay their credit card bill, which may not occur until much later.


What is the difference between a cash transaction and a credit transaction?

A cash transaction uses currency (dollars and cents) to pay for products or services. A credit transaction means that you are posting the transaction to a credit card or loan. In this case, the merchant gets paid (often the next day) for products or services rendered, and you pay the loan issuer or credit card company back. Sometimes, there are fees involved (a percentage of the transaction amount) to use a credit card - especially if you don't pay the issuer back within the established terms, which is called interest and finance charges. Happy spending!!


Do you debit or credit expenses?

Expenses are a debit transaction.


What is credit and debit in banking sector?

In banking parlance, Credit refers to a transaction where funds came into the account under question and Debit refers to a transaction where funds were taken out from the account. For ex: If your company deposits your salary into your bank account, it will be a credit transaction. Similarly, if you use your ATM Card and withdraw some money, it will be a debit transaction.

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