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What account receivable payment term is not standard business?
cash on demand...
How do you remove payment from suspense account to customers account?
payment in suspense to customers account as receivable account
Are bank checks assets or liabilities to banks?
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.
What happens when cash is received in payment of an account?
Received cash from a customer as payment on account
What accounts affected in received payment on account?
"what accounts are affected and how when a payment on account is received from a customer
What account receivable payment term is not standard business?
cash on demand...
What is the duration of Payment on Demand?
The duration of Payment on Demand is 1.5 hours.
When was Payment on Demand created?
Payment on Demand was created on 1951-02-15.
Are bank checks assets or liabilities to banks?
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.
How do you remove payment from suspense account to customers account?
payment in suspense to customers account as receivable account
What are the ratings and certificates for I Demand Payment - 1938?
I Demand Payment - 1938 is rated/received certificates of: USA:Approved
What are the release dates for I Demand Payment - 1938?
I Demand Payment - 1938 was released on: USA: 13 December 1938
Can credit card companies of deceased family member demand payment from spouse not on the account?
Yes, they can make a claim. The spouse is considered to have benefited from the debts.
What happens when cash is received in payment of an account?
Received cash from a customer as payment on account
Can an ACH payment be declined?
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 affected in received payment on account?
"what accounts are affected and how when a payment on account is received from a customer
What payment on account by a customer?
A payment on account by a customer happens when a customer pays a bill. For example, if a person had an account at a furniture store, each month, he or she would make a payment on their account to pay down their balance.
