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What else can I help you with?
Which method for calculating a credit card does not take into account the purchases or payments made during the current billing cycle?
adjusted balance method ; apex
Does a debit increase purchase discounts?
Purchases account has debit balance as default balance while purchases returns has credit balance as default balance because it is use to reduce the purchases account so debit decreases the purchase discounts while credit increases the purchase discount account.
Is purchasesaccount debit or credit?
Purchases account is personal account in nature and basic rule for personal account is debt what comes in and credit what goes out so purchases is a debit balance as a default balance.
Is purchases a credit or debit?
Purchases are personal account nature and as a basic accounting rule debit what comes in and credit what goes out so purchases has debit balance as normal balance.
Is purchase a debit or credit balance?
A purchase you make is a DEBIT against your account.
Which method for calculating a credit card balance does not take into account the purchases or payments made during the current billing cycle?
Adjusted balance method APEX
Which method for calculating a credit card does not take into account the purchases or payments made during the current billing cycle?
adjusted balance method ; apex
Which method for calculating a credit card balance takes into account both the purchases and the payments made during the current billing cycle?
Average Daily Balance Method
Can you explain what a credit on your account means?
A credit on your account means that you have money or funds available that can be used to make purchases or payments. It indicates that you have a positive balance in your account, which can be used for transactions or to cover expenses.
What is usually the largest single account in the overall balance of payments?
The largest single account in the overall balance of payments is, for most countries, the current account.
Does a debit increase purchase discounts?
Purchases account has debit balance as default balance while purchases returns has credit balance as default balance because it is use to reduce the purchases account so debit decreases the purchase discounts while credit increases the purchase discount account.
What is a basic balance?
A basic balance is the net balance of the combination of a current account and a capital account in a balance of payments.
Is purchasesaccount debit or credit?
Purchases account is personal account in nature and basic rule for personal account is debt what comes in and credit what goes out so purchases is a debit balance as a default balance.
When calculating a country's balance of payments do you use foreign aid?
foreign inflation rates
Is purchases a credit or debit?
Purchases are personal account nature and as a basic accounting rule debit what comes in and credit what goes out so purchases has debit balance as normal balance.
Is purchase a debit or credit balance?
A purchase you make is a DEBIT against your account.
What is The difference between total payments and total charges to an account is called?
The difference between total payments and total charges to an account is called the account balance. If total payments exceed total charges, the balance will be a credit, indicating a surplus. Conversely, if total charges exceed total payments, the balance will be a debit, reflecting an outstanding amount owed. This balance is essential for understanding the financial status of the account.
