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Can your friend transfer balance from her account to pay off your credit card account?
yes anyone can make a payment on someones account if they know the account #
What is Cr Crd Pmt mean on bank statement?
"Cr Crd Pmt" on a bank statement typically stands for "Credit Card Payment." It indicates a transaction where a payment has been made toward a credit card balance. This entry reflects a reduction in the outstanding balance of the credit card account and may appear when you make a payment from your bank account to your credit card issuer.
What online services are offered at www.capitalone?
At this site you can check your account balance, transfer funds from one balance to another, apply for a line of credit and even make an online payment on your existing credit card account.
If you transfer your account balance to another credit card does that action act as a payment to the credit card it was tranfered from?
Yes. You've moved the debt from one account to another, so the first account would recognize the transfer as a payment and the second account would treat it as a new debt.
How do you calculate the monthly credit card payment?
To calculate the monthly credit card payment, you can use the formula: Payment (Balance x (Interest Rate/12)) / (1 - (1 Interest Rate/12)-Number of Months). This formula takes into account the balance on the card, the interest rate, and the number of months you want to pay off the balance.
When does debit balance in account payable?
As accounts payable has a credit balance as normal balance so it has credit balance until not paid but it may have debit balance as well in case when payment is made for more than actual accounts payable which create negative balance or debit balance.
Can your friend transfer balance from her account to pay off your credit card account?
yes anyone can make a payment on someones account if they know the account #
Do account dividends have a credit balance?
Yes, account dividends typically have a credit balance. In accounting, dividends declared are recorded as a liability until they are paid, and once paid, they reduce retained earnings. Therefore, until they are distributed, dividends represent an obligation and show as a credit balance in the dividends payable account. After payment, the balance reflects a reduction in equity rather than a credit balance.
What is Cr Crd Pmt mean on bank statement?
"Cr Crd Pmt" on a bank statement typically stands for "Credit Card Payment." It indicates a transaction where a payment has been made toward a credit card balance. This entry reflects a reduction in the outstanding balance of the credit card account and may appear when you make a payment from your bank account to your credit card issuer.
What online services are offered at www.capitalone?
At this site you can check your account balance, transfer funds from one balance to another, apply for a line of credit and even make an online payment on your existing credit card account.
Why did your credit card payment reflect in your outstanding balance but not show up in your available balance?
Because you may have changed the account to a savings :L
If you transfer your account balance to another credit card does that action act as a payment to the credit card it was tranfered from?
Yes. You've moved the debt from one account to another, so the first account would recognize the transfer as a payment and the second account would treat it as a new debt.
What happens if you transfer money from your checking account to your credit card?
When you transfer money from your checking account to your credit card, you make a credit card payment. If you do not have a balance owed on your credit card, then you will have credit or a positive balance on your card.
State three possible reasons why a debtor's account might have a credit balance?
Overpayment Payment in advance Credit note issued Deposit received
When does accounts receivable have a credit balance?
If an account has a credit balance the customer must have overpaid on their account or a credit was issued by the company and posted to the customers account, resulting in a credit or negative balance.
Why is a capital account has credit balance?
The normal balance in a capital account is a credit. Capital is a balance sheet account. Assets = Liabilities + Capital
Is a Credit balance in vendor subsidiary account is an unpaid balance?
Is a credit balance in a vendor subsidiary account an unpaid balance owed?
