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What is the process for determining the account fraction for a specific financial transaction?
To determine the account fraction for a financial transaction, you need to identify the specific accounts involved in the transaction and calculate the proportion of the total amount that each account represents. This is done by dividing the amount in each account by the total amount of the transaction.
What is the difference between a service charge and a finance charge?
A service charge is typically a charge for a specific action that a company performs on an account or an order. A finance charge is an amount of interest that is charged on an amount of principal owed by a customer.
Can you explain how the credited amount was calculated in my account?
The credited amount in your account is calculated based on deposits, interest earned, and any other credits added to your account. This total amount reflects the money that has been added to your account over a specific period of time.
How can I request a balance transfer?
To request a balance transfer, contact your credit card company either online, over the phone, or through a written request. Provide the necessary information such as the account you want to transfer from and the amount you wish to transfer. Make sure to follow any specific instructions provided by your credit card company to complete the transfer successfully.
If you debit an account is it decrease or increase?
increase By debiting an account means,specific amount will be deducted for credit to the account for whom it is intended, which is contra entry by nature.
What is an account receivable?
account receivables reflects those amount which the company has sold and payment for that sold items has not yet recieved so that amount will be booked as account recievables
What is the process for determining the account fraction for a specific financial transaction?
To determine the account fraction for a financial transaction, you need to identify the specific accounts involved in the transaction and calculate the proportion of the total amount that each account represents. This is done by dividing the amount in each account by the total amount of the transaction.
If a company has a past due account under a certain amount will they still send it to a collection agency?
It all depends on the amount owed and the company owed to.
What is the difference between a service charge and a finance charge?
A service charge is typically a charge for a specific action that a company performs on an account or an order. A finance charge is an amount of interest that is charged on an amount of principal owed by a customer.
Can you explain how the credited amount was calculated in my account?
The credited amount in your account is calculated based on deposits, interest earned, and any other credits added to your account. This total amount reflects the money that has been added to your account over a specific period of time.
How can I request a balance transfer?
To request a balance transfer, contact your credit card company either online, over the phone, or through a written request. Provide the necessary information such as the account you want to transfer from and the amount you wish to transfer. Make sure to follow any specific instructions provided by your credit card company to complete the transfer successfully.
Meaning of b r s?
brs means banking reconciliation statement is comparing company bank account and banker account amount is equal . when some time company bank account amout and bank account amount not equal.they are three reasons ; a. cheque issued but not presented in bank b.cheque recived custmoer but not clear
What happens when a company pays an amount it owes a creditor in the account ledger?
When a company pays an amount it owes to a creditor, it reduces its liabilities on the balance sheet by the payment amount, reflecting a decrease in accounts payable. Simultaneously, the company's cash or bank account is decreased by the same amount, indicating a cash outflow. This transaction updates the account ledger to maintain accurate financial records, ensuring that both the asset and liability sides of the balance sheet remain balanced.
Which account shows the amount of accounts receivable that a company does not expect to collect?
Allowance for Uncollectible Accounts
How can you get a moshi monster back after blocking?
If your account has been suspended or blocked for a specific amount of time, you will get it back or be able to access it after that amount of time. If your account is permanently blocked, you can not get it back.
If you debit an account is it decrease or increase?
increase By debiting an account means,specific amount will be deducted for credit to the account for whom it is intended, which is contra entry by nature.
What is the normal balance of a capital account?
Capital account has credit balance as a normal balance of account as it is the amount company requires to return back to it's owner at the time of liquidation.
