cash on demand...
payment in suspense to customers account as receivable account
Neither.The liability for a bank is the actual checking or savings account (demand account), as this is money that is owed to the depositor. A bank check is simply a way to demand payment from the bank's liability account (or the depositor's asset account). The check by itself is not an additional liability to the bank above and beyond the actual account balance.
Received cash from a customer as payment on account
"what accounts are affected and how when a payment on account is received from a customer
cash on demand...
The duration of Payment on Demand is 1.5 hours.
Payment on Demand was created on 1951-02-15.
payment in suspense to customers account as receivable account
Neither.The liability for a bank is the actual checking or savings account (demand account), as this is money that is owed to the depositor. A bank check is simply a way to demand payment from the bank's liability account (or the depositor's asset account). The check by itself is not an additional liability to the bank above and beyond the actual account balance.
I Demand Payment - 1938 is rated/received certificates of: USA:Approved
Yes, they can make a claim. The spouse is considered to have benefited from the debts.
I Demand Payment - 1938 was released on: USA: 13 December 1938
Received cash from a customer as payment on account
To make a payment in June from your checking account and a July payment from your savings account using the ePay function with U.S. Bank, you can set up two separate payment transactions. For the June payment, select your checking account as the funding source when initiating the payment. Then, for the July payment, choose your savings account instead. Ensure you confirm the scheduled dates and funding sources for each payment in your ePay settings.
Yes, an ACH payment can be declined if there are insufficient funds in the account, the account is closed, or if there is an issue with the payment information.
"what accounts are affected and how when a payment on account is received from a customer