0
What else can I help you with?
What is used by a seller of goods to receive payment or to extend credit?
Trade Acceptance
How are credit cards used?
Credit cards are used as a payment method that allows consumers to borrow funds from a credit limit to make purchases. When a cardholder uses a credit card, they agree to repay the borrowed amount, usually within a billing cycle, to avoid interest charges. Credit cards can also offer benefits like rewards, cash back, and travel perks, but they require responsible management to prevent debt accumulation. Additionally, they can be used for online transactions and to build a credit history.
What are the accounting entries in a real estate firm?
There are many accounting entries that can be used in a real estate firm's books. For example, accountants will need to debit cash for an incoming payment, or credit accounts payable for money spent on credit.
What are the benefits of accepting credit cards versus other forms of payment such as checks?
Accepting credit cards as a form of payment increases the likely hood that you'll receive payment for your product or service. If the credit card used is good, the bank that issues the credit card pays your customer's bill. The customer is then required to pay the bank, not you. If the customer pays by check, you run the risk that the check will bounce and that you might not see your money. With the credit card, you get the money even if the customer doesn't have it on hand. I hope this helps. Consumers also find it less of a hassle to use credit cards for both online and offline transactions since most credit card associations (Visa and MasterCard) limit the cardholder's liability to $50 for fraudulent transactions.
Which source document would be used when goods are sold on credit?
When goods are sold on credit, the source document typically used is a sales invoice. This document details the items sold, their quantities, prices, and the terms of the credit agreement, including payment due dates. It serves as a formal record of the transaction between the seller and the buyer, and it is essential for accounting and tracking receivables.
What is credit voucher?
A credit voucher is a form of payment that allows for credit to be used in lieu of cash.
What does "CC" mean in payment transactions?
"CC" in payment transactions stands for "Credit Card." It is a common abbreviation used to indicate that a transaction was made using a credit card as the payment method.
Can I make a payment on a friends credit card he used to purchase a ticket for me if I have the details via intenet?
Yes, you can as long as you have his credit card # and payment address.
What down payment assistance programs are there?
My co-worker borrowed funds to hold them on deposit. The funds were verified so she could qualify for her mortgage. It was easy to get the loan with no credit check because she agreed to just hold the funds on deposit. Then she got a down payment assistance program to make her down payment for her, and she just gave back the deposited funds loan proceeds to the lender. It also helped her credit. I know she got the loan with creditloader dot com, but I don't know what kind of down payment assistance she used. Can anyone recommend a down payment assistance program that is still widely accepted? jameswalker@inbox.lv
Can a private family loan on a lot that is not paid off be used as a down payment for a new home mortgage?
No, a loan can not be used as a down payment.
What is used by a seller of goods to receive payment or to extend credit?
Trade Acceptance
What forms of payment were used during the middle ages?
Coins and trade and credit
What is used by a seller of good to receive payment or to extend credit?
Trade Acceptance
Whose credit score is used when you cosign for a loan?
The cosigner's credit score is used. They are the one responsible if the primary signer defaults on payment. Both credits are ruined if the car payment is missed. Be very careful of who you sign for!
Does Japan use credit cards as a common form of payment?
Yes, Japan does use credit cards as a common form of payment, but cash is still widely used for many transactions.
What percentage of your credit scores is determined by your payment history?
According to FICO, payment history accounts for 35% of your score. Here is the breakdown: 35% - Payment History 30% - Amounts Owed 15% - Length of Credit History 10% - New Credit 10% - Types of Credit Used Read more at www.myfico.com/education
Can the first time home buyer credit be used or considered in the financing of the home such as down payment?
No, it cannot. It can make it easier to pay for a home, but will not make it easier to purchase one. :-(
