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What is the journal entry for indemnity payment received?

debit cash / bankcredit indemnity income etc


What are the methods of providing indemnity?

Indemnity in insurance means the exact financial compensation. This can be provided by: 1. Cash payment 2. Repair 3. Replacement 4. Reinstatement For more information email to: KAEY.VEE@GMAIL.COM


What are the different methods of providing indemnity?

Indemnity in insurance means the exact financial compensation. This can be provided by: 1. Cash payment 2. Repair 3. Replacement 4. Reinstatement For more information email to: KAEY.VEE@GMAIL.COM


Payment by check or payment by cash?

cash payment limited for budget 2010-2011


What happens when cash is received in payment of an account?

Received cash from a customer as payment on account


What is a cash access line on a credit card?

Most credit cards have an amount accesible as a cash advance. You can go to an ATM or other source and withdraw cash against your available credit. This increases the balance on the card and increases your payments. While this can be a useful feature, it's important to be aware that cash advances usually have a different and much higher interest rate than regular purchases and have the lowest priority in the payment application chain. That means that when you send your payment in, the payment will be applied to fees (if any), then purchase transaction interest, then purchase transaction principle, then cash advance interest and finally cash advance principle. Unless you are sending payments much higher than the minimum you never get to paying on the high rate cash advances.


If a company will not take your cash payment do you still owe the money?

Yes, but it's strange they won't take cash. Try to find out what form they want payment in, and then try to make payment that way. If cash is the only way you can do it, call them and ask how to make a payment in cash.


What is the journal entry for down payment of cash?

[Debit] Down payment xxxx [Credit] cash xxxx


Do tolls take cash as a payment method?

Yes, tolls typically accept cash as a payment method.


What is an outflow of cash profitable operations the sale of equipment the sale of the company's common stock or the payment of cash dividends?

the payment of cash dividends


Cash received as PROMPT payment under 310 Net 30 terms would be posted in the what accounts.?

Cash received as prompt payment under 310 Net 30 terms would typically be posted in the Cash account, reflecting the increase in cash assets. Additionally, it would also affect the Accounts Receivable account by reducing the outstanding amount owed by customers. If there are any discounts taken for the prompt payment, those would be recorded in a Discounts Allowed or Sales Discounts account.


Do buses accept cash as a form of payment?

Yes, buses typically accept cash as a form of payment for fare.