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What is the journal entry for indemnity payment received?
debit cash / bankcredit indemnity income etc
What happens when cash is received in payment of an account?
Received cash from a customer as payment on account
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.
What is the journal entry for down payment of cash?
[Debit] Down payment xxxx [Credit] cash xxxx
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
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
What are the factors that cause variation in the principle of indemnity?
The principle of indemnity can vary due to several factors, including the type of insurance policy, the nature of the insured risk, and the legal jurisdiction governing the contract. Additionally, the method of valuation—such as actual cash value versus replacement cost—can influence indemnity amounts. Other factors include the presence of deductibles, policy limits, and any specific clauses that may alter compensation. Lastly, the insured's behavior and previous claims history can also affect the application of indemnity.
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.
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.
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
