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What else can I help you with?
When will the cash book have a credit balance?
When there is a large amount of expenses debited or no amount of cash received then it is obviously the cash book is credit balance.
What is the journal entry for amount received for 50 percent sales?
At the time of actual sales[Debit] Accounts receivable (full amount)[Credit] Sales revenueWhen half amount received[Debit] Cash / bank (half amount)[Credit] Accounts receivable
What is the journal entry of received rent?
Basic entries are as follows: Debit Bank Cash Book account with the Cash amount received Credit Rental Income account with Cash amount received
Is unearned rent a liability with a credit balance?
Yes unearned rent is that amount which is already received but which is not due to be received yet that's why it is shown in liability section of balance sheet and it has credit balance.
How is date of last activity defined for a settled credit card debt?
The date of last activity for a settled credit card debt is the date that the settlement check cleared your financial institution and was posted to that credit card account. As the account was settled, there would be no more activity on that account. I hope that you have a letter from the agency offering the settlement. Without a letter stating the amount of the settlement, you may have just made a big payment on the debt and someone else will be hounding you for the balance.
How long will settled debt affect your credit rating?
seven years from the date of last payment.
When will the cash book have a credit balance?
When there is a large amount of expenses debited or no amount of cash received then it is obviously the cash book is credit balance.
When paying a settlement is the credit score different if the credit report states 'paid' 'paid in full' or 'settled for less than original amount'?
yes, the credit score is affected. The people pulling your credit look at it this way, they want to know if you paid back what you borrowed with no problems, if there was a problem, or if they settled on a different amount, which means they took a loss. What would you rather see if you pulled a credit report on someone?
What is the journal entry for amount received for 50 percent sales?
At the time of actual sales[Debit] Accounts receivable (full amount)[Credit] Sales revenueWhen half amount received[Debit] Cash / bank (half amount)[Credit] Accounts receivable
What are some FHA mortgage requirements and how does credit affect the amount of loan you are able to get?
Some FHA mortgage requirements are being employed and having a decent credit score. Your credit doesn't affect the amount you can be loaned as much as how much money you make.
If the amount Kelsey owes is close to her credit limit it will negatively affect her credit score true or false?
true
How do online loans affect credit scores?
Any loan will affect one's credit score. It will impact regardless of how the loan is received. Information can be found on various websites to calculate.
How much does requesting pre approval letter affect credit?
I have been pre-approved for a certain amount for a morgage. How binding is this , Ihave just received the pw to apply for the morgage and it looks fishy.
What does settled mean on your credit report?
A credit report will show that an account is either active or settled. If the account is settled, it means that it has been paid and is closed.
Will a private student loan that is currently deferred negatively affect your credit score?
It will appear as an obligation and as such limit the amount that will be considered for total monthly payment. No I don't think it will affect your your credit score.
When paying off a credit card does it hurt to do a settlement exception?
Yes, they will note on your report that this debt was "settled" This does not affect credit score but will catch the eye of any lenders looking at your report.
What is the journal entry of received rent?
Basic entries are as follows: Debit Bank Cash Book account with the Cash amount received Credit Rental Income account with Cash amount received
