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Continue Learning about Accounting

What is the meaning of indirect transfers as the method of transferring money?

Indirect transfer as a method of money transfer is made from one bank account to another bank account. This is a cash transfer made in any cash office.


What s mean contra posting?

As per the Accounting Principles, a Contra entry is a transaction involving transfer of cash between one Cash A/c to another (e.g. main cash to petty cash )or one Cash A/c to another Bank A/c i.e., is a transaction indicating transfer of funds from.Cash account to Cash accountCash account to Bank accountBank account to Cash accountBank account to Bank account


What is the example of cash sale?

A cash sale occurs when a customer purchases a product or service and pays for it immediately in cash or with a debit card. For example, when someone buys a coffee at a café and pays with cash at the counter, that transaction is considered a cash sale. This type of sale typically involves no credit or deferred payment terms.


What account is credited when electronic funds transfer is used to pay cash on account?

business account


What is floating assets?

Assets that are continually changing in quantity and/or value. Example, inventory, available cash, number of the company's accounts, etc.Assets that are continually changing in quantity and/or value. Example, inventory, available cash, number of the company's accounts, etc.Assets that are continually changing in quantity and/or value. Example, inventory, available cash, number of the company's accounts, etc.Assets that are continually changing in quantity and/or value. Example, inventory, available cash, number of the company's accounts, etc.Assets that are continually changing in quantity and/or value. Example, inventory, available cash, number of the company's accounts, etc.Assets that are continually changing in quantity and/or value. Example, inventory, available cash, number of the company's accounts, etc.

Related Questions

How much cash can you transfer?

There is no set amount on the cash you can transfer. Businesses can transfer more money than people can from their personal accounts.


How long will it take for a cash transfer to go through?

The cash transfer will go through with in the range of 0.21 seconds.


Is it possible to transfer Amex cash back to points?

No, it is not possible to transfer American Express cash back to points.


What program is not a cash transfer program?

Conditional Cash Transfer Programmes (CCTs) Conditional cash transfer programmes (CCTs) are a special form of social assistance schemes which provides cash to families subject to the condition that they fulfil specific behavioural requirements.


How much cash can you?

There is no set amount on the cash you can transfer. Businesses can transfer more money than people can from their personal accounts.


Can you transfer cash to a debit card?

Yes, you can transfer cash to a debit card by depositing money into your bank account linked to the debit card.


Is a wire transfer considered cash?

No, a wire transfer is not considered cash. It is a method of electronically transferring funds from one bank account to another.


What is the history of wire transfers?

Wire transfer, bank transfer or credit transfer is a method of electronic funds transfer from one person or entity to another. A wire transfer can be made from one bank account to another bank account or through a transfer of cash at a cash office.


What Is Another Word For Transactions?

Transfer of cash.


How do you transfer money in Farmville?

You cannot transfer coins or FV cash used in Farmville.


What is a typical fee for a cash transfer?

The typical fee for a cash transfer is 5 %. Today some companies want your business so bad they will offer it for free.


Can you transfer Zynga Poker coins into Farmville cash?

No.