answersLogoWhite

0

They can refuse any transaction they choose.

User Avatar

Wiki User

15y ago

What else can I help you with?

Continue Learning about Finance

What are banking transactions?

Lodging money into a bank account is a transaction, as is withdrawing money. Adding interest to an account is a transaction. Direct debits are transactions. Deducting bank charges is a transaction. Basically any sort of activity involving a change of money in an account is a transaction. You will get a list of them on a bank account statement.


What part of the transaction approval process how do you pull back a transaction?

To pull back a transaction during the approval process, you typically need to access the transaction management system or software where the transaction is recorded. Locate the specific transaction, often by using identifiers like transaction ID or date, and select the option to reverse or withdraw the approval. Depending on the system’s protocols, you may also need to provide a reason for the pullback and confirm the action. Ensure that all relevant stakeholders are informed of the change to maintain transparency.


Which transaction will result in a change in the equity of an entity operating on a bank overdraft?

a cheque issued for payment of salaries.


How can you legally change my business name on my current bank account?

You can legally change your business name by filling out a form to request a change. There may be a need to file a name change with your city or state as well.


Distinguish between financial and non financial transaction?

A financial transaction is an agreement, communication, or movement carried out between a buyer and a seller to exchange an asset forpayment. It involves a change in the status of the finances of two or more businesses or individuals. The buyer and seller are separate entities or objects, often involving the exchange of items of value, such as information, goods, services, and money. It is still a transaction if you exchange the goods at one time, and the money at another. This is known as a two part transaction, part one is giving the money, part two is receiving the goods.

Related Questions

What is proof that a transaction occurred?

Source documents provide details about a financial change in the business


What is transaction system in dbms?

any change in database is called transaction.


Is a ledger considered a source document?

No. Source documents provide details about a financial change in the business and they are proof that a transaction has occurred. They can be sales receipts, invoices and cheques.


What are the characteristics of business transaction?

It is concerned with money or money's worth of goods or services. It arises out of the transfer of exchange of goods or services. It brings about a change in the financial position of a business concern . It has an effect on the accounting equation of any business firm . It has dual aspects or sides -"receiving "(debit) and "giving "(credit ) of the benifit .


Is a person who refuses to change adaptable?

No, a person who refuses to change is not adaptable. Adaptability requires being open to new ideas, approaches, and perspectives in order to adjust to new situations or challenges. Refusing to change can hinder one's ability to adapt to changing circumstances.


If someone refuses to buy something how can you persuade them to change their mind?

Tell them there gay.


Which term is defined as the transaction resulting in a change in stock?

Goods Movement


What happens if you lost business quotes on a building contract?

First understand why you lost the business quote. What unforseen event caused the change in your building contract? Try contacting the builder to see if this issue can be resolved.


What is a sentence for the word stance?

Despite protests from the puplic, the governor refuses to change his stance on the issue.


What are banking transactions?

Lodging money into a bank account is a transaction, as is withdrawing money. Adding interest to an account is a transaction. Direct debits are transactions. Deducting bank charges is a transaction. Basically any sort of activity involving a change of money in an account is a transaction. You will get a list of them on a bank account statement.


What is a sentence for transaction?

The boys sealed their transaction by spitting on the ground.


What does short mean?

The term shorted means to be shorted out of money, change when reciving change from a transaction!