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What else can I help you with?
Sales is what type of account?
Sales is a revenue account and has a credit balance as a normal balance.
The type of account and normal balance of accumulated depreciation is?
contra asset account, credit balance
What type of account is purchase returns?
credit card
What type of balance is the finished goods account have a debit or credit?
credit bal
Would i use equity account type in quickbooks to track line of credit accounts where I draw and repay the account?
No, you would not use an equity account type in QuickBooks to track line of credit accounts. Instead, you should use a liability account, specifically a "Credit Card" or "Other Current Liability" account, to properly track the draws and repayments associated with the line of credit. This ensures that your financial statements accurately reflect your obligations and available credit.
A share draft account is another name for a checking account in what type of financial institution?
credit union
How can I open a checking account that builds credit?
To open a checking account that builds credit, you can look for a checking account that offers a feature called "credit builder." This type of account may report your account activity to credit bureaus, helping you establish a positive credit history. Be sure to inquire about this feature when choosing a bank or credit union for your checking account.
Is a line of credit considered a revolving account?
Yes, if the account type is considered a line of credit it will be calculated into your revolving account balance on your credit report.
Sales is what type of account?
Sales is a revenue account and has a credit balance as a normal balance.
Which type of account allows you to deposit money and write checks?
The type of account that allows you to deposit money and write checks is a checking account.
The type of account and normal balance of accumulated depreciation is?
contra asset account, credit balance
What can you do at an account money market?
A money market account is a type of savings account you can get at your local credit union or bank. They traditionally only allow 3-6 withdrawals a month, require a higher minimum balance, and provide a higher interest rate.
What type of account is purchase returns?
credit card
What type of balance is the finished goods account have a debit or credit?
credit bal
Reason for account cancellation?
Depending on what type of account it is, there are a few reasons for account cancellation. Perhaps the credit card on file has expired or you were banned from the website.
Can I transfer money from my credit card to another account?
Yes, you can transfer money from your credit card to another account through a process called a balance transfer. This allows you to move funds from your credit card to another account, such as a bank account or another credit card. Keep in mind that there may be fees associated with this type of transaction.
Is a financial association created on your credit report when two people apply for any type of joint financial account?
Yes, anytime you open a new credit account, even if it is a joint account, it is reported on your credit report either when it is opened or when it is unpaid.
