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What else can I help you with?
Can you please confirm that the credit has been successfully applied to my account?
Can you confirm that the credit has been added to my account?
What is the maximum credit access line available for this account?
The maximum credit access line available for this account is the highest amount of credit that can be borrowed or used.
How can a payment create a credit balance on an account?
A payment can create a credit balance on an account when the amount paid exceeds the total amount owed. This results in the account having a positive balance, which can be used towards future purchases or refunded to the account holder.
On credit card what is difference between initial credit line and partial line amount?
According to Citi, the partial line amount is the available cash advance amount, and the credit line is the limit on the account
What does credit on debit card means?
Available credit or in general credit on a Debit card means - the amount of money you have in your bank account. Lets say you have Rs. 10000 in your account then your credit is Rs. 10000 only.
Can you please confirm that the credit has been successfully applied to my account?
Can you confirm that the credit has been added to my account?
What is your balance on your account?
The balance of your account is the amount of credit or debit of your account. That is how much you have or how much you owe.
What is the maximum credit access line available for this account?
The maximum credit access line available for this account is the highest amount of credit that can be borrowed or used.
Is an accounts receivable account in accounting a debit or a credit balance account?
It's on the Debit side. A current asset. A = Assets --------DEBIT L = Liabilities -----------------------------CREDIT O = Owner's equity --------------------------CREDIT R = Revenue ---------------------------CREDIT E = expenses --------DEBIT All expenditures in different heads of accounts are debit and all income are credit. for an example, you deposite a certain amount to your correspondence bank. To your company's account register bank account of that certain amount will be debit & your company's account will be credit of that said amount. Credit decreases the normal balance of Office Supplies account.
How can a payment create a credit balance on an account?
A payment can create a credit balance on an account when the amount paid exceeds the total amount owed. This results in the account having a positive balance, which can be used towards future purchases or refunded to the account holder.
What is excessive amount owed for an account on a credit score report?
The "excessive amount owed" is a phrase used to indicate that a particular account is over 30% utilized. Utilization is the balance of the account divided by the credit line. SO, if you have a $2,000 balance and your credit line is $3,000, your utilization is 67%, which would trigger an "excessive amount owed" in a credit score explanation.
On credit card what is difference between initial credit line and partial line amount?
According to Citi, the partial line amount is the available cash advance amount, and the credit line is the limit on the account
When do you debit and when do you credit an account?
Another account will receive a "credit" entry, meaning the amount will be (You can refer to the company's chart of accounts to select the proper accounts}.
A credit to a liability account?
indicates an increase in the amount owed to creditors.
What account is affected in an account journal when you return office supplies that was bought on account?
Say I purchsed $500 in Office Supplies on account, I return the office supplies, since I purchased them on account, the company I purchased them from will extend me a credit to my account decreasing the balance I owe them by the said amount. My books will record....Account Payable (debit)Office Supplies (credit)I debit my Account Payable to show that I no longer owe that amount and I credit my Office Supplies to show that I no longer have that amount of supplies on hand.
Explain in a simple way what does debit and credit mean?
The literal definitions of Debit and Credit in financial accounting are Debit. (1) The left side of the account. (2) the amount entered on the left side of an account. (3) To enter an amount on the left side of an account. Credit, same as above only it is entered on the RIGHT side of the account.
What does credit on debit card means?
Available credit or in general credit on a Debit card means - the amount of money you have in your bank account. Lets say you have Rs. 10000 in your account then your credit is Rs. 10000 only.
