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What account is credited when a debit card is used to pay cash on account?
It is your checking account , but it is debited, not credited.
What account is credited when electronic funds transfer is used to pay cash on account?
business account
What account is credited when you purchase merchandise on account?
When you purchase merchandise on account, the account credited is typically the Accounts Payable account. This reflects the company's obligation to pay the supplier for the merchandise received. Simultaneously, the Merchandise Inventory account is debited to increase the inventory asset.
What account are Purchases of merchandise credited to?
Purchases of merchandise are typically credited to the Accounts Payable account if the purchase is made on credit, reflecting a liability to pay the supplier. If the purchase is made with cash, the Cash account would be credited instead. In both cases, the Purchases account (or Inventory account, depending on the accounting method used) is debited to record the increase in inventory.
What is state employer account number?
When you pay your taxes to the state, you have an account number that identifies your company. When you pay, the amount is credited to the employer's account. It's the same as paying your taxes using a Social Security number.
What account is credited when a debit card is used to pay cash on account?
It is your checking account , but it is debited, not credited.
What account is credited when electronic funds transfer is used to pay cash on account?
business account
What account is credited when you purchase merchandise on account?
When you purchase merchandise on account, the account credited is typically the Accounts Payable account. This reflects the company's obligation to pay the supplier for the merchandise received. Simultaneously, the Merchandise Inventory account is debited to increase the inventory asset.
What is the difference between net credit and net debit in financial transactions?
The difference between net credit and net debit in financial transactions is that net credit means the total amount of money received or credited to an account, while net debit means the total amount of money paid out or debited from an account.
What account are Purchases of merchandise credited to?
Purchases of merchandise are typically credited to the Accounts Payable account if the purchase is made on credit, reflecting a liability to pay the supplier. If the purchase is made with cash, the Cash account would be credited instead. In both cases, the Purchases account (or Inventory account, depending on the accounting method used) is debited to record the increase in inventory.
What is a state employer account number?
When you pay your taxes to the state, you have an account number that identifies your company. When you pay, the amount is credited to the employer's account. It's the same as paying your taxes using a Social Security number.
What is state employer account number?
When you pay your taxes to the state, you have an account number that identifies your company. When you pay, the amount is credited to the employer's account. It's the same as paying your taxes using a Social Security number.
Has your account been credited?
Yes, my account has been credited.
When seller paid the customer account is?
credited
Is the WoW battle net free?
Technically, no. But to make the account, yes it's free. You just have to pay for your world of warcraft account.
What happens when money is deposited in account is it credited or debited?
deposited money is credited to your concern bank account
When the seller is paid the customer account is debited or credited?
credited
