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What minimum payment amount does company need to request a w9 form from contractor?
600
In a company sale has been done and half of the amount received in current year and half of the amount will be received in next year what would be the entry passed in current books of accounts?
You record the sale in sales which is against purchases you record the payment as income in the current year against the sale you leave the balance owed as a debt in accounts recievable
What is an account receivable?
account receivables reflects those amount which the company has sold and payment for that sold items has not yet recieved so that amount will be booked as account recievables
How are Payments to be applied to Accounts Receivable?
When a payment is received from a customer the adjusting entry is really simple. Cash has to be adjusted for the amount received since the company is actually receiving cash. Accounts recievable will also be adjusted to show payment was received. For example if the payment was in the amount of $500, you would want to Debit Cash and Credit Accounts Receivable, both for that amount of $500.
Pay for deletion letter?
In a â??Pay for Deletionâ?? letter an individual may offer a company an amount of money or payment in order for the company to delete negative information from their credit report.
When a car is repossessed does the finance company have to sell it for the amount it is worth?
no, they will sue you for the balance owed after the sale
Do you have to pay the whole vehicle off if it is repossessed?
Once a car has been repossessed, you as the owner of the vehicle have the obligation to repay any amount still owed on the loan. Once a car is repossessed, it is often sold in a repossessed cars auction by the finance company. The amount which the car was sold for will be deducted from the total loan amount and then the difference will be owed by yourself. So yes you would have to pay the whole vehicle off if it was repossessed.
How does voluntary repossession work on an RV in NC?
Instead of having it forcibly repossessed, you call your finance company and tell them you're voluntarily having it repossessed. They may send a tow service to collect it, or they may ask you to take it to the repossessor. It'll be repossessed, auctioned off, and the amount they get from the auction will be deducted from the amount you owe. The finance company may offer a settlement at that point for an amount less than what you owe on that vehicle - that's up to the finance company.
If your car is repossessed in Montana and you pay the finance company the total amount you owe in full plus whatever fees are they required to return the car?
If they take the money then yes however they have the right to refuse the payment since you are in violation of the loan agreement.
What minimum payment amount does company need to request a w9 form from contractor?
600
What can you do if your car was totaled but the insurance didn't pay the complete amount and you can't pay the rest because you needed a new car and now it's considered repossessed on your credit?
If you were not at fault in the accident, you can sue the insurance company for the balance on your loan. If you accepted the payment from the insurance company and signed a waiver from future litigation, you cannot do anything but pay the debt yourself.
When your car is repossessed will the finance company generally allow you to make payment arrangements on the deficiency or demand payment in full?
make payment arrangements on the deficiency???? IF you mean the amount you're in DEFAULT on, NO If you mean the amount due AFTER they sell it, USUALLY NOT. Why?? You couldn't pay notes on a car you could drive, so why would they think you will pay on a car you DONT HAVE??? NO lender WANTS to repo a car, they just want the money. So when they have to repo a car, they will go after the money very seriously. Nothing personal, its only money...
Can a person who is injured during the accident ask payment for demages from the owner?
Yes.Added; If they file a claim against the driver/owner's insurance company, yes. In the absence of insurance (or if the amount is inadequate to cover the injuries) you can file a personal suit against the owner.
Can the bank put a lien on your home for the balance after the repossessed auto is sold at auction?
YES, after they get a judgment for the amount still owing on the contract. That amount can be applied as a lien against other property you own.
What happens if a company refuses payment for goods or services rendered?
If a company refuses payment for goods or services rendered, the other party may take legal action to recover the owed amount. This could result in a lawsuit, court judgment, or other legal consequences for the company that refused payment.
In a company sale has been done and half of the amount received in current year and half of the amount will be received in next year what would be the entry passed in current books of accounts?
You record the sale in sales which is against purchases you record the payment as income in the current year against the sale you leave the balance owed as a debt in accounts recievable
Can you still owe money after your car is repossessed because of the recall?
If it is repossessed, you will owe the difference between the loan amount and what they sell the vehicle for.
