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When creating a credit account for a customer you need request?

Credit references


When a customer pays on their account is it a credit or a debit to the customers account?

debit a/r credit cash


How does EFT OPS work?

Assuming you mean EFTPOS (Electronic Funds Transfer Point Of Sale)... The customer uses either a credit or debit card to pay for goods. The card is 'read' by the cashier's register, and an electronic 'request' is sent to the customer's bank. If the funds are available (or the card has enough credit) - the funds are transferred from the customer's account to the store's account.


When does accounts receivable have a credit balance?

If an account has a credit balance the customer must have overpaid on their account or a credit was issued by the company and posted to the customers account, resulting in a credit or negative balance.


What is the difference between a Debit and a Credit as it relates to Accounts Receivable?

Accounts Receivable is an account that holds what a person or company owes your business. For example you sold a computer to a customer on credit, this credit is listed in an Accounts Receivable and is an asset.Asset accounts maintain a Debit Balance, meaning that a debit to the account will increase the account (in other words increase the amount the customer owes the company).A credit to the account will decrease the balance of that account (in other words, it records payment or credit to that customers account and decreases the amount the customer owes the company).

Related Questions

When creating a credit account for a customer you need request?

Credit references


When creating a credit for a customer you need to request?

Credit references


How can I cancel my Amazon credit card?

To cancel your Amazon credit card, you can contact the customer service number on the back of your card and request to close the account. Be prepared to provide your account information for verification purposes.


When a customer pays on their account is it a credit or a debit to the customers account?

debit a/r credit cash


How does EFT OPS work?

Assuming you mean EFTPOS (Electronic Funds Transfer Point Of Sale)... The customer uses either a credit or debit card to pay for goods. The card is 'read' by the cashier's register, and an electronic 'request' is sent to the customer's bank. If the funds are available (or the card has enough credit) - the funds are transferred from the customer's account to the store's account.


How can you cancel an Amazon credit card?

To cancel an Amazon credit card, you can contact the credit card issuer's customer service either by phone or online. Request to cancel the card and follow any instructions they provide to close the account.


How can I request a refund for my United travel credit?

To request a refund for your United travel credit, you can contact United Airlines customer service and provide them with your travel credit information and details of your request. They will assist you in processing the refund for your travel credit.


When does accounts receivable have a credit balance?

If an account has a credit balance the customer must have overpaid on their account or a credit was issued by the company and posted to the customers account, resulting in a credit or negative balance.


How can I request a refund to replace my credit card?

To request a refund and replace your credit card, contact your credit card issuer's customer service department. Explain the situation and request a refund for the transaction in question. Additionally, ask for a replacement credit card to be issued to you.


How do you get iou credit from meteor?

To get IOU (Interim Outstanding Units) credit from Meteor, you would typically need to contact their customer service or billing department to inquire about the process. They will provide you with the necessary information on how to request and utilize IOU credit for your account when needed.


How do I get a WAMU credit limit increase.Long time customer 3050 current limit ok but trip to Europe needs higher.FICA score is 844. Was told customer can not request increase.Not possible to raise.?

Apply for another WAMU credit card and upon activation call customer service and have the new card consolidated into your original account. Your new credit line will be the old plus new credit line amount.


What is the difference between a Debit and a Credit as it relates to Accounts Receivable?

Accounts Receivable is an account that holds what a person or company owes your business. For example you sold a computer to a customer on credit, this credit is listed in an Accounts Receivable and is an asset.Asset accounts maintain a Debit Balance, meaning that a debit to the account will increase the account (in other words increase the amount the customer owes the company).A credit to the account will decrease the balance of that account (in other words, it records payment or credit to that customers account and decreases the amount the customer owes the company).