0
What else can I help you with?
What is a disadvantage of a saving account?
There are two main disadvantages: * No. of transactions per month/per year are limited. * Rate of interest on the money held in the account is very meager. 4% is not even enough to beat the inflation rate of the country which is somewhere around 7% or more.
What will be Journal entry for purchase of building from general reserve account?
General reserve account cannot be used for purchases of building as general reserve accounts is fixed for some limited kind of transactions like
How is a checking account different than a savings account?
A checking account is typically used for the active transfer of money, whether this is money going in (as in a paycheck) or coming out (withdrawals, purchases). Meanwhile, Savings accounts are typically used for putting money in without necessarily withdrawing money out. Savings accounts pay you interest, while few checking accounts give anything at all- in fact, many checking accounts charge a monthly maintenance fee just to use them. Of course, withdrawals and transfers from a savings account are limited by law, while checking accounts have no restrictions on the number or types of transactions.
Compare online and traditional transactions in terms of richness?
Traditional transactions can provide more richness in terms of face-to-face service including visual and aural cues. However, traditional transactions are limited in terms of how many people can be reached at a single time. Online transactions, which can be global in reach, can provide content that is both complex and rich, overcoming the traditional trade-off between reach and richness.
What is pettycash in accounting?
Petty cash is same like cash account but with a limited used and use is limited for small day to day petty expenses like postage, parking fee etc.
How do you pay eBay with limited Paypal account?
You must upgrade your account. You are limited on the number of transactions you can make. Otherwise you have to pay with money order. Upgrading your account only takes a few minutes
What is a disadvantage of a saving account?
There are two main disadvantages: * No. of transactions per month/per year are limited. * Rate of interest on the money held in the account is very meager. 4% is not even enough to beat the inflation rate of the country which is somewhere around 7% or more.
What is the purpose of a money market certificate?
Most people confuse a money market account with certificates of deposit. Money markets are deposit accounts set up like a savings or checking account. However, a minimum balance, and/or limited transactions are commonplace. Interest earned is based on average deposit balance. Therefore, money market certificates are great for large accounts with limited needs for withdrawals.
What will be Journal entry for purchase of building from general reserve account?
General reserve account cannot be used for purchases of building as general reserve accounts is fixed for some limited kind of transactions like
What are the advantages and disadvantages of a money market account?
A money market account is like a savings account. The disadvantage is that there will not be much interest or return. The advantage is , subject to the restrictions stated when you open the account, you can quickly get all your money out.
is my account limited to local calls?
is my account limited to local calls
What are the interest rates for a ING savings account?
The interest rates for most ING savings accounts vary between 0.5% and 3% The higher rates are for accounts where a limited number of withdrawals are allowed in any one year.
How is a checking account different than a savings account?
A checking account is typically used for the active transfer of money, whether this is money going in (as in a paycheck) or coming out (withdrawals, purchases). Meanwhile, Savings accounts are typically used for putting money in without necessarily withdrawing money out. Savings accounts pay you interest, while few checking accounts give anything at all- in fact, many checking accounts charge a monthly maintenance fee just to use them. Of course, withdrawals and transfers from a savings account are limited by law, while checking accounts have no restrictions on the number or types of transactions.
How is checking account different than a savings account?
A checking account is typically used for the active transfer of money, whether this is money going in (as in a paycheck) or coming out (withdrawals, purchases). Meanwhile, Savings accounts are typically used for putting money in without necessarily withdrawing money out. Savings accounts pay you interest, while few checking accounts give anything at all- in fact, many checking accounts charge a monthly maintenance fee just to use them. Of course, withdrawals and transfers from a savings account are limited by law, while checking accounts have no restrictions on the number or types of transactions.
Is it legal to turn your IRA into a LLC to avoid paying taxes?
You cannot convert an Individual Retirement Account into a Limited Liability Company.You cannot convert an Individual Retirement Account into a Limited Liability Company.You cannot convert an Individual Retirement Account into a Limited Liability Company.You cannot convert an Individual Retirement Account into a Limited Liability Company.
Disadvantages of limited account in Windows XP?
The limited user account in Windows XP limits the user's ability to access secure files. The limited user account also restricts what the user is allowed to download on the internet.
In a limited partnership what is profit and loss interest?
== ==
