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Cash deposits made into an HSBC account typically show up immediately or within a few hours. However, the exact timing can depend on the method of deposit; for example, cash deposited at an HSBC branch is usually available right away, while cash deposited through an ATM may take longer to process. It's always a good idea to check the bank's specific policies or contact customer service for the most accurate information.
What else can I help you with?
Does a credit to accounts payable represent cash paid to creditors?
No actually... Cash paid to credits should credit cash account and debit payable account
Does a credit to accounts payable represents cash paid to creditors?
No actually... Cash paid to credits should credit cash account and debit payable account
Does credit to accounts payable represents cash paid to creditors?
No actually... Cash paid to credits should credit cash account and debit payable account
What accounts do you adjust in a T account when dividend is paid?
When a dividend is paid, the T-accounts that are adjusted are the Dividends Payable account and the Cash account. Dividends Payable, a liability account, is debited to decrease it, reflecting the payment of the dividend. At the same time, the Cash account, an asset account, is credited to reduce the cash balance, as cash is being paid out to shareholders.
What are the benefits of opening an account with HSBC International?
"There are many benefits of opening an account with HSBC International. Some of these benefits include international money transfer, interest paid gross of tax, and your own choice of currency."
Does a increase in salaries payable decrease cash?
Increase in salaries payable increases the cash account as cash is not paid and due to non payment of cash, cash account showing more balance then it would be if salaries paid already.
When cash is paid on account what is it?
two assets are changed
Can a hold be put on a check after it is deposited in another account?
Yes - If your bank has not yet paid the cash No - If your bank has already paid the cash
What is journal entry of preliminary expenses?
preliminary expenses account debit to cash account (if the amount has been paid in cash)
When cash is paid to suppliers on account which section of the statement of cash flow is affected?
cash flows from operating activities
When is the petty cash account debited?
The petty cash account is debited when a company establishes or increases its petty cash fund. This entry reflects the outflow of cash from the main cash account to the petty cash account. Additionally, it may be debited when replenishing the petty cash fund, as it accounts for the expenses incurred that were paid from petty cash.
What is the difference between a prepaid account and an accrual account?
In prepaid accounts cash is paid before and benefits are taken later while in accrual accounts benefits are taken before but cash is paid later.
