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What are people who owe a business money called?
People who owe a business money are typically referred to as "debtors" or "accounts receivable." In the context of accounting, they may also be called "customers" if the debt is related to purchases made on credit. These individuals or entities have an obligation to pay the business for goods or services received but not yet paid for.
What term describes any company or person who owes money to the business?
The term that describes any company or person who owes money to a business is "debtor." Debtors may include individuals, businesses, or entities that have received goods, services, or money from the business but have not yet paid for them. In accounting, these amounts are typically recorded as accounts receivable on the company's balance sheet.
Can a business loan money to an individual?
No, a business typically cannot loan money to an individual. Business loans are usually provided to other businesses or organizations, not to individuals. Individuals typically obtain loans from banks, credit unions, or other financial institutions.
Which type of business or institution is most likely to loan money to individuals?
a credit card company
What legally constitutes a business loan?
A loan is the agreement of lending money, usually with interest, and a plan and a date to repay it. There are many subcategories of loans that do not have separate legal definitions. A business loan is a loan granted for the use of a business.
What are people who owe a business money called?
People who owe a business money are typically referred to as "debtors" or "accounts receivable." In the context of accounting, they may also be called "customers" if the debt is related to purchases made on credit. These individuals or entities have an obligation to pay the business for goods or services received but not yet paid for.
Congress enacts te tight money act tma of 2006 to ban major business entities from making political contributions that individuals can make a court would likely hold the tma to be?
An unconstitutional restriction of speech.
What is bipartite contract?
A bipartite contract refers to a type of contract that involves two parties. It is a legally binding agreement between two individuals or entities where both parties have specific obligations and responsibilities. This type of contract is commonly used in business transactions and agreements.
Is money invested in a business by an individual or a group of individuals in exchange for equity in the business?
Venture Capital
Why some business individuals might resort to unethical behaviours?
Money
How much money can you legally travel with domestically?
Individuals can legally travel with any amount of money domestically within the United States. However, if the amount is 10,000 or more, they must declare it to customs officials.
How much money can you legally travel with?
Individuals can legally travel with up to 10,000 in cash or other monetary instruments without having to declare it to customs authorities.
Can a business loan money to an individual?
No, a business typically cannot loan money to an individual. Business loans are usually provided to other businesses or organizations, not to individuals. Individuals typically obtain loans from banks, credit unions, or other financial institutions.
Where can one find ideas for money making business?
There are several websites that tailor to helping individuals find a money making business. These websites include HomeBusiness, TheSimpleDollar, and StartSmallEBusiness.
Which type of business or institution is most likely to loan money to individuals?
a credit card company
How does the council collect money to operate?
From local taxes on individuals and business and from some services they provide.
Why is the entity concept so important to accounting?
The idea here is that the financial transactions of one individual or a group of individuals must be kept separate from any unrelated financial transactions of those same individuals or group.The best example here concerns that of the sole trader or one man business: in this situation you may have the sole trader taking money by way of 'drawings': money for his own personal use. Despite it being his business and apparently his money, there are still two aspects to the transaction: the business is 'giving' money and the individual is 'receiving' money.So, the affairs of the individuals behind a business must be kept separate from the affairs of the business itself.
