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if you have too many open accounts and owes money, it does affect your credit score. your debt ratio is too high, and you will have difficult time applying for any kind of loans. when closing your accounts, and they are paid off. at first, it will lower your credit score, then will incrase following month or two. asian623 http://www.myspace.com/scionturboracing

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Why does paying off accounts payable not affect net income?

Paying off accounts payable not affect net income because it is charged to income statement already at time of purchases now it is just the payment of cash which charge cash only.


Are credit cards revolving charge accounts?

yes


What are some jobs of an accounts assistant?

An Accounts Assistant is in charge of a variety of tasks, but more importantly and widely known would be: maintaining accounts, raising invoices, and maintaining ledgers.


How do regualer revolving and installment charge account differ?

Regular revolving charge accounts allow consumers to borrow up to a certain limit and carry a balance from month to month, making minimum payments while accruing interest on the remaining balance. In contrast, installment charge accounts provide a fixed loan amount that is repaid in scheduled installments over a set period, typically with no interest if paid on time. While revolving accounts offer flexibility in repayment, installment accounts require a structured payment plan. Additionally, revolving accounts are often tied to credit cards, whereas installment accounts are commonly associated with loans for specific purchases.


What is a remittance book?

Cheak the remittances with the amounts indicated on the letters or accounts to which they are attached, and inform the accounts manager or person in-charge of any discrepancies. The amounts, method of payment (cheque or money order) and usually the secretary's initials should be written on the corner of the document. the remittances are then detached from the correspondence and passed to the accounts manager or person in-charge, who has signs for them in the remittances book.

Related Questions

Is lighting negatively charged or positively charged?

Negatively charge


A negatively charge is called what?

electron


What does charge?

Electrons are negatively charged.


Are electrons positively charged or negatively?

Negatively charged


Do electrons have a Negative Charge or a positive charge?

They are ALWAYS negatively charged. If positively charged it would be a positron and not an electron.


What is the charge of a sphere and how does it affect its electrical properties?

The charge of a sphere refers to the amount of electric charge it carries, which can be positive or negative. The charge of a sphere affects its electrical properties by determining how it interacts with other charged objects. Positively charged spheres repel other positively charged objects and attract negatively charged objects, while negatively charged spheres repel other negatively charged objects and attract positively charged objects. This interaction is governed by the principles of electrostatics.


How can you charge an object negatively with only the help of a positive charge?

To charge an object negatively with the help of a positive charge, you can use a process called induction. By bringing a positively charged object close to the object you want to charge negatively, the positive charge will attract the negative charges in the object, causing them to move away. This leaves the object with a net negative charge.


Why does paying off accounts payable not affect net income?

Paying off accounts payable not affect net income because it is charged to income statement already at time of purchases now it is just the payment of cash which charge cash only.


Are electrons a positive charge?

No, they are negatively charged.


What charge does electron?

Electrons are negatively charged.


Are neutrons negatively charger?

no.they have no charge


What is the name of the negatively charge ion?

anion