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What is The difference between total payments and total charges to an account is called?
The difference between total payments and total charges to an account is called the account balance. If total payments exceed total charges, the balance will be a credit, indicating a surplus. Conversely, if total charges exceed total payments, the balance will be a debit, reflecting an outstanding amount owed. This balance is essential for understanding the financial status of the account.
What else can I help you with?
What is the difference between a balance ledger and cash available for withdrawal?
The best answer I have found for this is that the ledger balance shows how much money of yours is actually within your account, even if some of it is about to be sent for payments of checks and charges and the like. The available balance is the rest, the money in your account not about to be used to pay any charges and is immediately available for withdrawal. Source: http://www.bangkokbank.com/Bangkok+Bank/Personal+Banking/Internet+Banking/FAQ/Virtual+Bank+Accounts.htm#2
What decreases a cash account?
A cash account decreases when cash is withdrawn or spent, such as through payments for expenses, purchases of goods or services, or transfers to other accounts. Additionally, any fees or charges, such as bank fees or interest payments, can also reduce the balance. Lastly, any losses from investments or business operations reflected in cash outflows can contribute to a decrease in the cash account.
What is the difference between unit cost and unit price?
Unit Cost is what the manufacturer charges a dealer for the item. The Unit Price is what the dealer charges a customer.
How would you define delinquent account?
A delinquent account is a financial account that is overdue on payments, typically for loans, credit cards, or other financial obligations. It occurs when a borrower fails to make a scheduled payment by the due date, leading to potential penalties, interest charges, or negative impacts on credit scores. Accounts are usually classified as delinquent after 30 days of missed payments, and the severity may increase with the length of delinquency.
Does interest still accrue on your balance once you have closed a credit card account?
Yes, just like any other loan. Late charges, too, if you don't make the payments on time. If you close an credit card account with the bill remaining, do you still have to pay for it.
What is the difference between the principal balance and the current balance on a loan or account?
The principal balance is the original amount borrowed or invested, while the current balance includes any additional charges or payments made since the loan or account was opened.
What is the difference between charges and credits in accounting?
In accounting, charges represent money going out of an account, while credits represent money coming into an account. Charges decrease the account balance, while credits increase it.
How much potential difference is there between two identical charges?
There is no potential difference between identical charges
What is the definition of atomic charges?
The difference between the positive charges (protons) and the negative charges (electrons).
What is the difference between a balance ledger and cash available for withdrawal?
The best answer I have found for this is that the ledger balance shows how much money of yours is actually within your account, even if some of it is about to be sent for payments of checks and charges and the like. The available balance is the rest, the money in your account not about to be used to pay any charges and is immediately available for withdrawal. Source: http://www.bangkokbank.com/Bangkok+Bank/Personal+Banking/Internet+Banking/FAQ/Virtual+Bank+Accounts.htm#2
Can a credit card continue to allow automatic charges on your account after you ask to have the account closed?
Not if you ask them to close it in writing and you have NO balance.
How does the Good To Go Pass work for toll payments?
The Good To Go Pass is a device that automatically deducts toll payments from your account as you drive through toll booths. It uses radio frequency technology to communicate with toll sensors and charges your account accordingly.
What is the difference between the remaining statement balance and the current balance?
The remaining statement balance is the amount you owed at the end of the last billing cycle, while the current balance includes any new charges or payments made since then.
Difference between floating charges and fixed charges?
Floating charges will change and fixed charges will stay the same. The stipulations should be detailed in the fine print or contract regarding the specific charges.
How can I conveniently manage my toll payments using the etoll pay service?
To conveniently manage toll payments using the etoll pay service, you can sign up for an account online or through the mobile app. Link your payment method, such as a credit card or bank account, to automatically pay tolls. You can also set up notifications for toll charges and easily track your usage and payments through the account dashboard.
A what difference is the what that causes charges to move?
The difference in electric potential between two points is what causes charges to move. When there is a potential difference, charges will flow from the higher potential to the lower potential, generating an electric current. This movement of charges is essential for the functioning of electrical circuits.
What is the difference between service charges and service tax?
Sorry i dont know
