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What is it called when the amount credited to an AO account exceeds the amount billed by the bank?
When the amount credited to an account exceeds the amount billed by the bank, it is typically referred to as an "overpayment." This situation may arise from various factors, such as billing errors, duplicate payments, or adjustments made by the bank. An overpayment can result in a credit balance in the account, which may be refunded or applied to future charges.
What else can I help you with?
What is the journal entry if the payment has not yet been received but clients were billed?
debit the client account (debtor account) and credit the income account (bill amount)
Is a service revenue that is billed but not paid a credit or debit?
A service revenue that is billed but not paid is an account receivable. Account receivables are assets and therefore you would "debit" the account.
How are debit and credit cards similar?
Their only similarity is the manner in which they are used at the point of sale. If you present a Debit card, the amount of sale is immediately deducted from your bank account. If you present a Credit card, the amount of sale is added to your credit account and then you are billed for payment monthly at a later date.
A purchase account holder recently discovered that the purchase account was billed multiple times for the same purchase. Prior to disputing how should the account holder try to work out a resolution?
A purchase account holder recently discovered that the purchase account was billed multiple times for the same purchase. Prior to disputing, how should the account holder try to work out a resolution?
What is billed revenue?
Basically the same as product revenue, when an entity is sent a bill for services rendered. The amount received is known as billed revenue.
What is the journal entry if the payment has not yet been received but clients were billed?
debit the client account (debtor account) and credit the income account (bill amount)
Can an invoice amount be different than amount billed?
Yes, an invoice amount can be different from the amount billed. The invoice amount is the total amount charged for goods or services, while the amount billed refers to the specific portion that is being requested for payment at a given time. Changes in quantity, discounts, or additional charges can all lead to differences between the invoice amount and amount billed.
Is a service revenue that is billed but not paid a credit or debit?
A service revenue that is billed but not paid is an account receivable. Account receivables are assets and therefore you would "debit" the account.
What is an individually billed account IBA?
An individually billed account or an IBA is a travel charge card account. It is used primarily by one individual and paid for by that one individual.
Will you get billed for your Second Life account if you delete it the day you got it?
You do not get billed to begin with! so NO!
What is iba?
Individually Billed Account- An IBA is when a traveler makes their airfare reservations through a CTO and their government charge-card was charged for the amount of the ticket.
What is an IBA?
Individually Billed Account- An IBA is when a traveler makes their airfare reservations through a CTO and their government charge-card was charged for the amount of the ticket.
What is an IBA statement?
Individually Billed Account- An IBA is when a traveler makes their airfare reservations through a CTO and their government charge-card was charged for the amount of the ticket.
How are debit and credit cards similar?
Their only similarity is the manner in which they are used at the point of sale. If you present a Debit card, the amount of sale is immediately deducted from your bank account. If you present a Credit card, the amount of sale is added to your credit account and then you are billed for payment monthly at a later date.
Can you return any DVD inside the Redbox case and keep the real DVD And Not Get Billed?
No. You will get billed. Do this enough and they will cancel your account.
A purchase account holder recently discovered that the purchase account was billed multiple times for the same purchase. Prior to disputing how should the account holder try to work out a resolution?
A purchase account holder recently discovered that the purchase account was billed multiple times for the same purchase. Prior to disputing, how should the account holder try to work out a resolution?
Who is responsible and liable for paying your individually billed account (IBA) travel account bill?
You, the travel charge card holder
