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What is the essential difference in accepting credit cards in transacting business compared with accepting debit card?
When you purchase with credit cards, the transaction is on credit while when you purchase with debit card, the transaction is considered cash sale because the amount is directly deducted from your bank account.
Credit unions for bad credit?
Credit unions typically give better interest rates on loans compared to most banks provided you have an open account with them that's in good standing. Just having an account with them won't make your credit better but if you need a loan you'll get a better rate there than many other places.
What can I purchase using a credit card?
You can purchase goods and services using a credit card.
Why have a credit card?
In case of emergencies, you can use your credit card to purchase goods and services and at the same time, it is better nowadays to have cashless transactions so that we can stay away from robbers.
Can you explain how a credit card works when a customer makes a purchase?
When a customer uses a credit card to make a purchase, the card issuer pays the merchant on behalf of the customer. The customer then owes the card issuer the amount of the purchase, which is added to their credit card balance. The customer can choose to pay off the balance in full by the due date to avoid interest charges, or they can make minimum payments over time with interest added.
Explain what a purchase journal is use for?
Purchase journal is used for keeping the chornological record of date wise purchase of goods purchased for trading purposes on credit.
What is the essential difference in accepting credit cards in transacting business compared with accepting debit card?
When you purchase with credit cards, the transaction is on credit while when you purchase with debit card, the transaction is considered cash sale because the amount is directly deducted from your bank account.
Is it better to purchase on credit or purchasefor cash?
Cash purchases are better because an individual pays the full amount for a good and might be lucky for a discount where as in a credit purchase the individual tends to pay monthly installments and an amount of interest in every installment
Credit unions for bad credit?
Credit unions typically give better interest rates on loans compared to most banks provided you have an open account with them that's in good standing. Just having an account with them won't make your credit better but if you need a loan you'll get a better rate there than many other places.
How do you explain the working of Letter of Credit?
Explain the significance of letter of credit in international marketing?
Can you explain the process for initiating a chargeback for an airline ticket purchase"?
To initiate a chargeback for an airline ticket purchase, you typically need to contact your credit card issuer and provide documentation of the issue, such as proof of the purchase and details of why you are disputing the charge. The credit card issuer will then investigate the claim and may issue a refund if they find the charge is valid.
What can I purchase using a credit card?
You can purchase goods and services using a credit card.
What is the credit entry for purchase?
purchase a/c Dr To Customer Name (Being Credit Purchase to C ' Name Rs)
Why have a credit card?
In case of emergencies, you can use your credit card to purchase goods and services and at the same time, it is better nowadays to have cashless transactions so that we can stay away from robbers.
Can you explain how a credit card works when a customer makes a purchase?
When a customer uses a credit card to make a purchase, the card issuer pays the merchant on behalf of the customer. The customer then owes the card issuer the amount of the purchase, which is added to their credit card balance. The customer can choose to pay off the balance in full by the due date to avoid interest charges, or they can make minimum payments over time with interest added.
Does volkswagen credit provide financing for young buyers?
To get credit for a VW you could alwasy go through the dealership itself. Sometimes its better to purchase a new one when intrest rates a lower and you can get a better deal on new car financing.
When can you refinance a mortgage after purchase?
Yes! It is common to do so when your credit gets better or rates go down at least a full point.
