by crediting the said account with relevant accounts falling under shareholders equity e.g. share capital, profit. reserves etc.
the shareholders or the owner of the business are the direct users of the account
Creditor
Notes Payable is a Liability.
No. I don't see how that could be possible. CCC's will only credit an account for a purchase that has been made on that account. I don't understand how or why a business would think they could make that type of transaction.
It is the liability on an open account for the purchase of a commodity or service used in the regular course of business.
the shareholders or the owner of the business are the direct users of the account
Creditor
cash sales, credit sales,purchase on account,collection from sales on account,settlement of purchase on account, direct purchase on cash,installment sales and installment payment
Because if you are a big business it will show your customers you are a worldwide business. You would not purchase a dotcom if you were a minor business because anyone can purchase a dotcom. By that I mean the website could beunsafe if it is not well known.
Notes Payable is a Liability.
No. I don't see how that could be possible. CCC's will only credit an account for a purchase that has been made on that account. I don't understand how or why a business would think they could make that type of transaction.
Credit card transactions typically post to your account within 1-3 business days after the purchase is made.
It is the liability on an open account for the purchase of a commodity or service used in the regular course of business.
You can find business transactions under your account on the website of the bank that you are a customer of. You can also view transactions from websites that you purchase goods from.
you divide the total money the company has by the amount of shares that have been sold to get the share value, then you dish that out and then it is the shareholders money and they can do what they want with it
A PayPal Business account allows one to accept credit or debit cards as payment for a low fee and allows up to 200 employees to have limited access to one's account. A personal PayPal account allows one to purchase things easily online as well as to transfer money to a friend's account.
A purchase account holder recently discovered that the purchase account was billed multiple times for the same purchase. Prior to disputing, how should the account holder try to work out a resolution?