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They can but if what you say is true (although seems nearly impossible) then I don't know why they won. File a complaint with the Federal Trade Commission.

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15y ago

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When an owner withdraws cash from the business why is this considered an increase to the drawing account?

When owners of the company withdraw cash it is charged through drawings account so whenever and any time when they withdraw money it definitely increases the drawing account in the same way when owners introduce additional capital in business increases the capital account.


What is realisation account?

When company goes to liquidation process then realization account is created which is a temporary account and all assets and lialibilities are realized through this account and after realization there may be surplus or defeciancy in realization account.


Where can one open an account at Mercury Insurance?

Mercury Insurance can be purchased directly through the company. That is the best place to look for a competitive rate from the company.


What is a Pass-Through Account number?

A Pass-Through Account number is a unique identifier used in financial transactions, particularly in contexts like banking or payment processing. It allows funds to be transferred directly to a third party without the originating account holder's direct involvement. This type of account is often used for managing payments, disbursements, or collections in a streamlined manner, ensuring that transactions are processed efficiently and securely.


How can a person have a DDA account But no checking account?

i was wondering bout the same thing at first til i asked. it still depends on the company youre working for. i myself dont have a checking account but get my pay as direct deposit. they wire it through my savings account instead.

Related Questions

When an owner withdraws cash from the business why is this considered an increase to the drawing account?

When owners of the company withdraw cash it is charged through drawings account so whenever and any time when they withdraw money it definitely increases the drawing account in the same way when owners introduce additional capital in business increases the capital account.


What is deposit not yet?

A cheque which received from customers and deposited to the company account and gone through clearing system and not yet credited to the company bank account


What is deposit not yet credited?

A cheque which received from customers and deposited to the company account and gone through clearing system and not yet credited to the company bank account


Will you be charged if you downloaded an app from app store on your iPhone then downloaded the same app through ipod touch app store using the same account and credit card?

No, you will not be charged.


Does Minecraft charge the internet?

No, It shouldn't have "Charged the internet" the only payment you have to go through is when you purchase a premium Minecraft account.


What is realisation account?

When company goes to liquidation process then realization account is created which is a temporary account and all assets and lialibilities are realized through this account and after realization there may be surplus or defeciancy in realization account.


How can I purchase shares of a public company?

To purchase shares of a public company, you can open a brokerage account with a financial institution, research the company you want to invest in, place an order to buy the shares through your brokerage account, and then monitor your investment.


Can a company freeze your bank account?

Directly - No. Through a court order to freeze your assets - Yes


What is the charge for a Pay Pal account?

There isn't one, it is completely free. There is no charge to create an account through Paypal. There are only cost incurred once the account receives money for an item that was sold. The fee that is charged when that happens is 2.9%.


Can you pay collections online?

Yes, you can pay collections online through the website of the collection agency or through a secure payment portal provided by the agency.


What kind of rates are charged by a Foreign Currency Exchange?

There are charges charged by a foreign currency exchange. These can be different based on what company you go through and should be examined before any purchasing is done.


Where can one open an account at Mercury Insurance?

Mercury Insurance can be purchased directly through the company. That is the best place to look for a competitive rate from the company.