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Do you get charged interest on your statement balance or current balance?
Interest is typically charged on the statement balance, which is the amount you owe at the end of the billing cycle. The current balance includes new charges and payments made after the statement is issued.
Why is more interest charged at the beginning of a loan?
The interest is based on the amount owed, therefore as payments are made the balance drops as does the interest amount (not the rate). So the interest is higher at the begining, because more money is owed at the begining.
Moneylenders made loans and charged a fee called?
interest
What is the relationship if any between the amount shown in the adjusted trial balance column for an account and that accounts ledger balance?
The ledger balance shown in the trial balance and adjusted trial balance represents the amount of adjustments to be made.
What is the difference between the principal balance and the outstanding balance on a loan?
The principal balance is the original amount borrowed, while the outstanding balance is the amount still owed on the loan after payments have been made.
Do you get charged interest on your statement balance or current balance?
Interest is typically charged on the statement balance, which is the amount you owe at the end of the billing cycle. The current balance includes new charges and payments made after the statement is issued.
What is a ionic bond made of?
An ionic bond is made of the attraction between positively charged ions (cations) and negatively charged ions (anions). It forms when one atom transfers electrons to another atom, resulting in the formation of a strong electrostatic bond.
Is money left to you from an estate taxable?
Yes,Inheritance-tax is charged on chargeable transfers made during the taxpayers lifetime as well as on death,subject to reliefs and acceptions.
What happens to car payment made after charge off?
They are applied to the charged off balance and reduce the amount of the debt. eithan and James was ere
What are stock returns and transfers in retail and why is it important to record these?
Returns - The reason for the return is important i.e. not as described, faulty etc. This is fed back to buyers and suppliers. Also there is a cost implication when a return is made either a replacement is given or cash return . This has to be accounted for so that inventory remains correct ad cash audits remain in balance Transfers - recording is vital so that the cost of the items deducted from the sender and is charged to the receiver. The inventory levels of each has to be change to minus those from the sender and plus these in the receiver
What are the most heartbreaking football transfers?
Go to my blog www.mysportmagazine.blogspot.com and you 'll be able to see transfers that made history
What means you cannot be charged with a crime that was legal before a law was made sort of after the fact?
Ex Post Facto.
If deprection is not charged What is effect on financial statement?
If depreciation is not charged profit and the balance sheet total will be higher. In the UK, Financial Reporting Standard (FRS) 15 states that depreciation must be charged on all fixed assets. The only exeption is where an asset is held as an investment property and fair value adjustments are made.
What occurs when an electron transfers from the outer shell of one atom to the outer shell of another atom?
When an electron transfers from the outer shell of one atom to the outer shell of another atom, it forms an ionic bond. The atom that loses the electron becomes positively charged (cation), while the atom that gains the electron becomes negatively charged (anion). This results in the formation of a stable compound.
Difference between cash flow statement and cash book?
Cash book is made before making Balance sheet because ash book balance is transfer to balance sheet but Cash flow statement is made after balance sheet. 2. Cash book is subsidiary book of accounts and cash flow statement is a Financial Statement.
Do all objects have charge?
No, not all objects have charge. Objects are made up of atoms, which consist of positively charged protons, negatively charged electrons, and neutral neutrons. The overall charge of an object depends on the balance of these particles.
what is the meaning of the balance scale?
A balance scale is a tool used to measure the weight of an item by comparing it to known weights on the opposite side of the scale. It represents the concept of equilibrium and fairness, as it ensures that both sides of the scale are in balance before a decision is made.
