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when a sale is made on an accounts receivable account what needs to be debited and credited?
When a sale is made on an accounts receivable account, the Accounts Receivable account is debited to reflect the increase in money owed by customers. Simultaneously, the Sales Revenue account is credited to recognize the income generated from the sale. This entry ensures that both the asset and revenue accounts are accurately updated in the accounting records.
What does this means someone account has been deactivated?
It meanS you deactivated it that you deleted your account your accounts been deleted or temporarily un available
What is an open account listed on a credit report?
Open Account - account listed as "open" on your credit report are accounts that are open, includes all accounts that have been reported within the last 90 days.
What is the difference between inactive accounts and dormant account?
There is no different. An inactive account is a dormant account, meaning there has been no activity for a certain amount of time.
Once an account in QuickBooks Pro has been used can the name be changed?
Yes, in QuickBooks Pro, you can change the name of an account even after it has been used. To do this, go to the Chart of Accounts, locate the account you want to rename, and select "Edit." However, be cautious when renaming accounts, as it may affect reports and transactions linked to that account.
when a sale is made on an accounts receivable account what needs to be debited and credited?
When a sale is made on an accounts receivable account, the Accounts Receivable account is debited to reflect the increase in money owed by customers. Simultaneously, the Sales Revenue account is credited to recognize the income generated from the sale. This entry ensures that both the asset and revenue accounts are accurately updated in the accounting records.
Who is an account holder?
Anyone that has been added to a deposit account or savings accounts
How do you prevent overdue accounts in the accounting business?
A Chart of Accounts is more than a list of General Ledger Accounts. A functional Chart of Accounts is: (1) the center of the financial record keeping process (2) a 'posting map' for recording financial...What_do_you_do_if_you_have_an_overdue_accountWhere an overdue account showing on your file has been paid but not updated, call the credit provider and request they contact the credit agency to make the correction. Your file will be updated...Is_accounts_receivable_a_real_account_in_accounting_and_is_goodwill_a_real_account_in_accountingReal accounts, i.e. Balance Sheet accounts are ongoing perpetual records and represent "real" items; cash, receivables, inventories, accounts payable, invested capital, etc., etc. Accounts receivable...
What does this means someone account has been deactivated?
It meanS you deactivated it that you deleted your account your accounts been deleted or temporarily un available
What is an open account listed on a credit report?
Open Account - account listed as "open" on your credit report are accounts that are open, includes all accounts that have been reported within the last 90 days.
How can you restore an old world account?
You can use the scroll of resurrection from the account management page. If it has been over a year, then you might need to upgrade your login account to a battle.net account. Battle.net accounts are now required of all WoW accounts.
Does WikiAnswers bllock ISP or just the account?
If you have been posting spam while not signed into an account they will block your IP address. If you were spamming on an account they will ban the account, if you keep making accounts and getting them banned they can ban your IP address from making accounts.
What is the meaning of garnished account?
A garnished account is an account that has been levied. Many accounts are garnished as a result of past due taxes or child support.
What is the difference between inactive accounts and dormant account?
There is no different. An inactive account is a dormant account, meaning there has been no activity for a certain amount of time.
What does it mean on your credit report that says updated?
The/Your account is legitimate. Whatever has been reported to the credit bureau's it has been verified as valid.
How do I get rid of an account from my 'remembered' accounts list after it's been deleted on Instagram?
To remove an account from your 'remembered' accounts list on Instagram, go to the login screen and tap on the account that's been deleted. Then, select "Remove" or swipe left on the account name if you're using the app. If the account still appears after deletion, you may need to clear your app cache or data in your device settings, or reinstall the app to reset the remembered accounts.
Once an account in QuickBooks Pro has been used can the name be changed?
Yes, in QuickBooks Pro, you can change the name of an account even after it has been used. To do this, go to the Chart of Accounts, locate the account you want to rename, and select "Edit." However, be cautious when renaming accounts, as it may affect reports and transactions linked to that account.
