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When a check is returned or a transaction is declined, the process typically involves notifying the account holder, assessing any fees, and attempting to collect the owed amount. The account may be temporarily suspended until the issue is resolved, and further action may be taken if the payment is not made promptly.
What else can I help you with?
When should the KYC process be performed?
The KYC process should be performed before establishing a business relationship or conducting financial transactions with a customer.
What is the process for setting up a credit card PIN for ATM transactions?
To set up a credit card PIN for ATM transactions, you typically need to call the bank's customer service number or visit a branch. They will guide you through the process of selecting a PIN for your credit card. Once you have chosen a PIN, you can use it to make ATM transactions securely.
How does business transaction relate to the accounting process?
Simply in general terms, the Accounting process is all about Money. And transactions are some kind of statements about transfering money. And accouting deals with these statements to make a final decisions. That's why the transactions are related to accouting processs
How to reconcile credit card transactions in QuickBooks?
To reconcile credit card transactions in QuickBooks, go to the Banking menu and select Reconcile. Choose the credit card account and enter the statement date and ending balance. Match the transactions in QuickBooks with those on the credit card statement, marking them as cleared. Once all transactions are reconciled, click Finish Reconciling to complete the process.
Explain what accounting is?
In simple terms Accounting is the process(technique) of identifying, recording, summarizing, analysing and interpreting transactions & events.
Which types of wriking in coal handling process?
The Coal Handling Plant is needed in the coal handling process.
What does the accounting process begins with?
transactions and events
What do you mean by Due process policies?
Due process policies are those prescribed procedures expected to be adhered to in transactions especially in public transactions from the opening to the closing of the transaction.
The accounting process is concerned with internal and external transactions representing economic events?
The accounting process is concerned with both: internal and external transactions representing economic events.
What is the exact difference between interrupt handling and exception handling?
interrupt handling is the process of handling a break or interrupt called by a program where as exception handling is for handling some exceptional conditions that'll occur when a program is running
What is the relationship of internal transactions to the adjusting process?
Adjusting entries are not based on external transactions, they are corrections made internally to a set of books
The process of recording transactions in the journal is called posting?
No, it's journalizing.
What is the process of assigning a monetary value to all business transactions?
Valuation
What is the process in which water in the atmosphere is returned to the earth?
precipitation, evaporation & condensation
When should the KYC process be performed?
The KYC process should be performed before establishing a business relationship or conducting financial transactions with a customer.
What is the process for setting up a credit card PIN for ATM transactions?
To set up a credit card PIN for ATM transactions, you typically need to call the bank's customer service number or visit a branch. They will guide you through the process of selecting a PIN for your credit card. Once you have chosen a PIN, you can use it to make ATM transactions securely.
How does business transaction relate to the accounting process?
Simply in general terms, the Accounting process is all about Money. And transactions are some kind of statements about transfering money. And accouting deals with these statements to make a final decisions. That's why the transactions are related to accouting processs
