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The amount in a margin account that is owed to the broker, minus profits on short sales and balances in a special miscellaneous account (SMA). The adjusted debit balance aids an investor in knowing how much he/she owes in the event of a margin call. Under Regulation T, one can borrow up to 50% of the purchase price of securities on margin.
What else can I help you with?
When the bank gives adjustment on principal on a loan what account do you debit?
the loan
What is the adjustment for service revenue earned but unbilled total 600?
debit account receivable credit service revenue
Using the allowance method what does the journal entries do?
The journal entry to record the adjustment to the AFDA is as follows: Debit Bad Debt Expense Credit AFDA To record a write-off: Debit AFDA Credit Trade A/R To record a recovery of a previously written-off transaction: Debit Trade A/R Credit AFDA Debit Cash Credit Trade A/R
Is prepaid insurance a debit or credit?
Debit
Is drawing debit or credit?
its debit.
When the bank gives adjustment on principal on a loan what account do you debit?
the loan
What is the adjustment for service revenue earned but unbilled total 600?
debit account receivable credit service revenue
Using the allowance method what does the journal entries do?
The journal entry to record the adjustment to the AFDA is as follows: Debit Bad Debt Expense Credit AFDA To record a write-off: Debit AFDA Credit Trade A/R To record a recovery of a previously written-off transaction: Debit Trade A/R Credit AFDA Debit Cash Credit Trade A/R
What you meant by Self balancing system?
when separate ledgers are maintained for trade debtors and trade creditors ,the debit and credit aspect of certain transactions will note appear in the same ledger Eg: in case of credit sales ,the credit aspect (Sales account) will appear in general ledger whereas the debit aspect (personal account of debtor)will appear in debtors ledger .Take another Eg.like cash discount allowed by a creditor .The credit aspect (personal account of the creditor )will appear in creditors ledger .Thus no ledger is self balancing and it is not possible to prepare a separate trial balance for each ledger .Hence in ,in order to make each ledger self -balancing it is necessary that the corresponding debit and credit aspects are fully "adjustment accounts " in each ledger . the adjustment account helps in completing the double entry in each ledger and making it self balancing . The adjustment account opens in various ledgers are; 1 ) general ledger adjustment account(in debtors ledger) 2 ) general ledger adjustment account(in creditors ledger) 3 ) debtors ledger adjustment account (in general ledger) 4 ) creditors ledger adjustment account (in general ledger)
Is prepaid insurance a debit or credit?
Debit
Is drawing debit or credit?
its debit.
What are consumer debit cards?
The consumer debit cards are Government debit cards,Banking USA debit crads and Lakeland Bank debit cards and Prepaid debit cards. Most of all banks has their own debit cards.
Debit?
Debit card
What are visa cards?
its a debit cards. its a debit cards. its a debit cards.
Does interest payable a debit or credit?
Interest payable is debit.
Is wages expense credit or debit?
Debit, debit increasing wages
What is debit adjustment?
The amount in a margin account that is owed to the broker, minus profits on short sales and balances in a special miscellaneous account (SMA). The adjusted debit balance aids an investor in knowing how much he/she owes in the event of a margin call. Under Regulation T, one can borrow up to 50% of the purchase price of securities on margin.
