answersLogoWhite

0

What else can I help you with?

Continue Learning about Accounting

The notification accompanying a check that indicates the specific invoice being paid is called a?

voucher


Can a creditor charge off an account then reopen it?

Yes, a creditor can charge off an account and later reopen it. A charge-off typically occurs when a creditor deems an account uncollectible after a period of non-payment, but the debt still exists. If the debtor later makes a payment or enters into a repayment agreement, the creditor may choose to reopen the account. However, this can vary by creditor and the specific circumstances surrounding the account.


Do you still have to pay a write-off account?

A write-off account typically indicates that a debt is deemed uncollectible and has been removed from the company's balance sheet. However, this doesn't absolve the debtor from the obligation to pay; the creditor may still pursue collection, and the debt may impact your credit score. If the debt is sold to a collection agency, you may still be responsible for payment. Always check with the creditor for specific terms regarding your account.


Can a creditor change the date of a charge off?

Yes, a creditor can change the date of a charge-off, but this typically occurs only in specific circumstances, such as correcting an error or updating information in compliance with regulations. However, any changes must be accurately reflected in the creditor's records and reported to credit bureaus. It's important for consumers to monitor their credit reports for any discrepancies and dispute inaccuracies if needed.


Access online How can you get an alert when a specific department has past due accounts?

I can set up an event driven notification for past due accounts and assign the alert to that department’s processing hierarchy position only

Related Questions

The notification accompanying a check that indicates the specific invoice being paid is called a?

voucher


What is the symbol 1 mean on dashboard?

The symbol "1" on a dashboard typically indicates that there is one alert, notification, or item that requires the user's attention. It may represent a new message, an issue that needs addressing, or a task that is pending. The specific meaning can vary depending on the context and the type of dashboard being used. Always refer to the accompanying legend or help section for precise definitions.


What does label notification mean on Gmail?

In Gmail, a label notification indicates that a new email has been categorized under a specific label you’ve set up, such as "Work," "Personal," or "Promotions." This allows you to organize and manage your emails more efficiently by grouping related messages together. When an email arrives that matches a labeled category, you may receive a notification, helping you prioritize and respond to important messages quickly.


Red circle with exclamation mark what is this?

A red circle with an exclamation mark typically indicates a warning or an error notification in various contexts, such as software applications, mobile devices, or websites. It alerts users to a critical issue that requires attention, such as an incomplete action, a problem with settings, or a system malfunction. In some contexts, it may also signify a safety warning or important information that needs to be addressed. Always check the accompanying message or documentation for specific guidance on the issue.


What does the red circle on your phone mean?

The red circle on your phone typically indicates that there is an alert or notification that requires your attention. It can appear on app icons to signify unread messages, missed calls, or updates. Additionally, in some cases, it may represent that a feature, like screen recording, is currently active. Checking the specific app or notification center will provide more details.


If a hazardous material leak exist what you should you do?

AnswerFollow the specific procedures established by your employer. If there are no specific procedures, notify the people nearby, get everyone out and call emergency services.AnswerCall poison control, and vacate the area. If it is radioactive, have everyone leave. If it produces fumes, leave the windows and doors open. If it is flammable, turn off all ignition sources.Initiate the proper notification processInitiate the proper notification processinitiate the notification process


Research on the physiological states accompanying specific emotions indicates that?

William James became aware of physiological responses to emotions in 1884 and published his work in Mind. This notion brought on information about the autonomic nervous system being responsible for what we feel emotionally.


What does this mean Formal notification file closed?

"Formal notification file closed" typically indicates that a specific case or issue has been officially resolved and no further action is required. It suggests that all necessary procedures have been completed, and the involved parties have been informed of the outcome. This closure may relate to legal, administrative, or compliance matters, indicating that the file is now inactive.


Can a creditor garnish more than the amount owed?

Some companies require you to pay fees that are cost to them to take the legal matter.


Which of these describes the contract between the debtor and the creditor when a bond is sold?

the debtor promises to pay the creditor the borrowed money with interest at fixed intervals over a specific period of time


Can a creditor charge off an account then reopen it?

Yes, a creditor can charge off an account and later reopen it. A charge-off typically occurs when a creditor deems an account uncollectible after a period of non-payment, but the debt still exists. If the debtor later makes a payment or enters into a repayment agreement, the creditor may choose to reopen the account. However, this can vary by creditor and the specific circumstances surrounding the account.


What does pj in a gold ring mean?

The "PJ" in a gold ring typically indicates the initials of the jeweler or manufacturer who created the piece. It may also represent the quality or specific design line associated with that jeweler. To determine its exact meaning, it's advisable to consult with a jeweler or refer to any accompanying documentation.