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Because when you dispute the charge with your bank there will be a 50/50 chance you win. This means, the company has a 50% chance of taking your money. Depending on the company and your internet activity you may be a victim of identity theft. I would keep a close watch on all my statements if I were you.
Also if you already started your dispute process with the bank I would like to recommend for you to file a consumer complaint with the BBB and Scam Book. Your complaint will raise awareness and allow other victims seek appropriate assistance.
What else can I help you with?
How is having a credit balance different from having a debit balance?
For this answer, we will assume that the question refers to the manner in which lenders view credit and debit transactions. A credit transaction would be a an amount that has been borrowed and credited to a person or business. A debit transaction on the lender's books would refer to a reduction or payment by the borrower of that debit.
How do you record a journal entry for a insufficient funds charge?
To record a journal entry for an insufficient funds charge, you would typically debit the bank fees expense account to reflect the cost incurred and credit the cash account to decrease the cash balance. For example, if the charge is $35, the entry would be: Debit Bank Fees Expense $35 and Credit Cash $35. This accurately reflects the expense and the reduction in cash due to the insufficient funds charge.
Is overdrawn balance debit or credit?
that would be debit, because a credit card has a certain amount you can use, HOWEVER; i believe you can overdraw on BOTH of them depending on your credit, and what bank you're useing. hope this helps.
What is the accounting journal entry to record audit fees with VAT?
To record audit fees with VAT, you would make the following journal entry: Debit the "Audit Fees Expense" account for the net fee amount, debit the "VAT Input Tax" account for the VAT amount, and credit the "Accounts Payable" or "Cash" account for the total amount (audit fee plus VAT). For example, if the audit fee is $1,000 and VAT is $200, the entry would be: Debit Audit Fees Expense $1,000, Debit VAT Input Tax $200, and Credit Accounts Payable $1,200.
What is the difference between debit balance and credit balance?
This is really not as simple as writing debit balance is or credit balance is:In accounting Debit literally means the left side and credit means the right side. The difference between a debit balance "account" and a credit balance "account" is:Debit balance accounts increase with a debit and decrease with a creditCredit balance accounts increase with a credit and decrease with a debitAssets maintain a debit balanceLiabilities and Owners Equity maintain a credit balanceThe above answer refers to accounting, however, I noticed that you also put this in Credit and Debit cards: using a bank debit or credit card is the opposite of the view you see doing accounting.On a Credit card statement for example, a credit balance would mean that the credit card company is "crediting" you with a certain amount, meaning you do not owe that amount anymore. A debit would be a rise in the balance you "owe them".
What would you do if the credit amount is greater than the debit amount in the trial balance?
You would post the surplus credit into the 'Unassigned credit' entry.
Do all banks charge debit card fees?
There are some banks that do not charge for debit card use for things like internet shopping. To find the right bank, you would need to check with a few different ones, and see who offers the best rates.
How is having a credit balance different from having a debit balance?
For this answer, we will assume that the question refers to the manner in which lenders view credit and debit transactions. A credit transaction would be a an amount that has been borrowed and credited to a person or business. A debit transaction on the lender's books would refer to a reduction or payment by the borrower of that debit.
How can Apple I Tunes be contacted for a credit card charge that card holder did not make?
there is a charge did not make and it appeared on my debit i would like to be removed. how do i contact Apple I Tunes
Can a debit card be forwarded?
No, a debit card cannot be forwarded like a piece of mail. Debit cards are linked to a specific bank account and are designed for the cardholder's personal use. Sharing or forwarding a debit card would violate bank policies and could lead to unauthorized transactions and security risks. If you need to share access to funds, consider using a joint account or a payment app instead.
Is mega flix safe?
BEWARE! Megaflix is a scam site. I'm spreading the word-- I signed up a few weeks ago, and supplied my debit card number. The site claimed that it only needed the number to verify that I was a citizen or something and that no charges would appear. I was skeptical, but saw that it had "https" so I went ahead and gave it. I guess that doesn't mean anything, because in a few days I saw a $50.00 charge on my debit card from them. I called Chase (my bank) and told them the charge was unauthorized. They refunded me the money and took care of the dispute themselves. In a few days I received a letter in the mail from Chase that the charge WAS unauthorized and the refund was now permanent. I got my money back, but I'm still checking daily for foreign charges. You don't want this. Don't give these -ssholes anything.
Journal entry for applying a payment in receivable system?
This would include a debit to cash for the amount received and a credit to the account receivable that the amount pertains too.
How long does itunes take to charge debit cards?
the rules have changed for iTunes. it use to be that a certain amount had to be placed first, ( i.e. $32.84 and the cut of amount was $50 before they charged any card, you would still need to make more purchases or wait a bit ) or a 24 hour time span.
How do you record a journal entry for a insufficient funds charge?
To record a journal entry for an insufficient funds charge, you would typically debit the bank fees expense account to reflect the cost incurred and credit the cash account to decrease the cash balance. For example, if the charge is $35, the entry would be: Debit Bank Fees Expense $35 and Credit Cash $35. This accurately reflects the expense and the reduction in cash due to the insufficient funds charge.
What would you do if you are charged for an item you have not purchased?
If you are charged for an item you did not purchase, you should immediately contact the retailer or merchant to report the unauthorized charge. Request a refund and provide any necessary information to help investigate the situation. Additionally, notify your bank or credit card company to dispute the charge and prevent further unauthorized transactions.
Is overdrawn balance debit or credit?
that would be debit, because a credit card has a certain amount you can use, HOWEVER; i believe you can overdraw on BOTH of them depending on your credit, and what bank you're useing. hope this helps.
How do you charge pie by the slice?
If you are referring to the pie as in food; you would decide how much you would charge for the pie then cut it into however many slices then divide the amount of the entire pie by the amount of slices.
