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Accounting

Understand the language of business through the study of financial statements, budgeting, and taxation. Accounting is essential for business transparency and integrity.

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Questions
Q: If a credit card account that was last active five years ago was taken over by a collection agency can they issue a summons now
1 answer
Q: Is there a time limit in which you have to charge a customer's credit card
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Q: Why do some companies charge different prices for cash and credit purchases
1 answer
Q: How can an Internet merchant check to be sure a credit card is not stolen
1 answer
Q: How do you get credit card numbers from your customers online in a safe secure and private way
1 answer
Q: Would accepting credit cards increase or decrease your bottom line
1 answer
Q: Do credit card payments go into your account immediately or do you have to wait to receive payment from the credit card company
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Q: What are the requirements that a merchant must meet to be able to accept credit cards whether it be in person or online or over the phone
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Q: What are different ways to pass on transaction fees for accepting credit cards to customers
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Q: What are the benefits of accepting credit cards versus other forms of payment such as checks
1 answer
Q: How do you set up your account so that you may accept credit card payments via the Web
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Q: What are all the different fees that you are obligated to pay credit card companies including set-up fees and monthly fees as well as commissions
1 answer
Q: Can the court take your income tax refund for money owed on a repo and do they base the payments on income amount or do they get it in large amounts
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Q: What can you do if the finance company inadvertantly credited another account with your money and sent a repo man to get your truck
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Q: Can you deduct life insurance premiums as a business expense
1 answer
Q: Are state income payments deductible on federal taxes
1 answer
Q: Should a 17-year-old student who lives at home file taxes on his own or with his parents
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Q: What are the legal requirements for a credit card company to send you a check for a credit balance as a result of overpaying your credit card bill
1 answer
Q: If you have an account that is showing negative and it was included in a bankruptcy can you have the negative account removed or does it stay there and count as two negatives
1 answer
Q: How do you know if there are any outstanding or bounced checks in your name
1 answer
Q: Can a collection agency report the same collection account under 2 different account numbers on your credit report
1 answer
Q: How to repair your credit on credit cards you never paid and are charged off
1 answer
Q: Would it be worth it to buy a laundromat for the sole purpose of a tax writeoff if it does not produce enough money to live off of
1 answer
Q: Why does the collection agency show on the credit report but not the original company
1 answer
Q: What is the difference between Activity-based costing and traditional cost accounting
1 answer
Q: How do qualitative factors like the condition of an asset impact a final lease or buy decision
2 answers
Q: If your business accepts credit cards over the phone recently and were taken on three different invoices by the same company what can you do as a merchant to get your money back
1 answer
Q: Can you remove charge offs from your credit report
1 answer
Q: What are some ways that foreign exchange rate risks can be mitigated
1 answer
Q: After filing a judgment with the county clerk how does the judgment get on your credit report
1 answer
Q: How do you write a letter of hardship to get a bill dismissed
1 answer
Q: What are the differences among a CPA and an accountant and a bookkeeper
1 answer
Q: Do you have to send the credit card company your deceased mother's income tax refund like they say you do They say they contacted the IRS to have it sent to them but the check still came to you
1 answer
Q: How can you find out if certain creditors have been marked charged off and it's not showing in your credit report
1 answer
Q: What credit card companies or banks report authorized users
1 answer
Q: Do you still have to pay a debt that occured 7 years ago and has been charged off
1 answer
Q: If a company puts a temporary charge on your credit card but they said they haven't fully charged your card yet how long will that temporary charge stay on the account
1 answer
Q: How does one report someone to the credit bureau who has not paid debt
1 answer
Q: Does a 14 year old sales associate at a chain department store who earns 1000 dollars per year need to file a Federal Income Tax Return
1 answer
Q: Why would a collection agency report a higher amount owed
1 answer
Q: Can a credit card company still bill you after 10 years of cancelling your account
1 answer
Q: If your credit cards are in collections do you have to report the name and address of the credit card company or the collection agency that has taken over the account when filing bk
1 answer
Q: Do you still have to pay a charge off account
1 answer
Q: How do you find out what you owe to various creditors
1 answer
Q: What does a charge off mean on a credit card debt
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Q: You are an authorized user of a business card account are you liable as an authorized user
1 answer
Q: Can you dispute a charge off account
1 answer
Q: How can you find out if your insurance covers losses from employee theft or customer nonpayment
1 answer
Q: What is your recourse regarding a letter you received from Merchants Credit Guide Co informing you that you had a credit card balance due from 13 years ago when the account was closed
1 answer
Q: At what point does a creditor decide to charge off an account
1 answer
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