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The cardholder receives the billing statement directly from the GTCC vendor at the address provided on the card application. It is the cardholder's responsibility to notify the APC and the GTCC vendor of changes in contact information. In order to obtain a travel card, an applicant needs to first apply for an IBA.
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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.
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 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)
Freight account is a contra purchase account true or false?
True
Which of the following are NOT required for purchase account records?
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?
Statements about an individually billed account IBA are true?
Identify the situations in which a restricted card can be issued.
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.
Which statement about an individually billed account IBA is true?
Regardless of the status of the traveler's reimbursement, they must pay their bill on time.
Who is responsible and liable for paying your individually billed account (IBA) travel account bill?
You, the travel charge card holder
Who is responsible and liable for paying your individually billed account travel charge card bill?
You, the travel charge card holder
What statements about an individual billed account are true?
Identify the situations in which a restricted card can be issued.
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 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.
There are two types of travel charge card accounts They are?
Individually billed accountsCentrally billed accounts
Which of the following statements about an individually billed account- IBA are true?
b,d,e the cardholder recieves the billing statement..., it is the cardholder's responsibility to notify the apc..., In order to obtain a travel card...
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.
What is true about individually billed account?
The cardholder receives the billing statement directly from the GTCC vendor at the address provided on the card application. It is the cardholder's responsibility to notify the APC and the GTCC vendor of changes in contact information. In order to obtain a travel card, an applicant needs to first apply for an IBA.
