0
What else can I help you with?
Why do people use credit?
Usually as a matter of convenience more than anything. Most people have full intentions of paying off the balance in full at the end of the month, and as such are responsible users of credit, and that kind of action really helps build a solid credit history. Other users of credit cards use them to buy stuff they either don't need, can't afford, and then get into big debt problems when they can't pay off the balances.
What are the similarities between credit and debit cards?
Credit and debit cards are both payment methods that allow users to make purchases without using cash. They are both issued by financial institutions, can be used at various merchants, and offer convenience and security for transactions.
Who are the users of credit?
Consumers,Businessmen, and the government.............
What are the main three advantages of Credit card?
The main advantages of credit cards include convenience, as they allow for easy and quick transactions without the need for cash; rewards programs, which often offer points, cash back, or travel benefits for purchases; and the ability to build credit history, which can improve one's credit score when used responsibly. Additionally, credit cards often provide fraud protection, ensuring that users are not held liable for unauthorized charges.
What is the classification of credit according to type of users?
1] Consumer Credit 2] Mercantile or Commercial Credit 3] Bank Credit 4] Investment Credit
Who are the users of balance sheet?
external users like statutory firms, share holders etc
List and explain users of accounting information?
Following are users of accounting information:bankgovernment institutionscreditorsinvestorsgeneral publicshare holders etc
Why do people use credit?
Usually as a matter of convenience more than anything. Most people have full intentions of paying off the balance in full at the end of the month, and as such are responsible users of credit, and that kind of action really helps build a solid credit history. Other users of credit cards use them to buy stuff they either don't need, can't afford, and then get into big debt problems when they can't pay off the balances.
What are the similarities between credit and debit cards?
Credit and debit cards are both payment methods that allow users to make purchases without using cash. They are both issued by financial institutions, can be used at various merchants, and offer convenience and security for transactions.
Who are the users of Balance sheet and Profit and Loss Account?
stakeholders like # Investors # Share holders # Bord of directors # lenders # banks # And different Stake Holders Are the users of the B/S, P & L accounts
Who are the internal users of accounting?
Business owner Auditors Employees Share holders.
When filing Ch 7 what do you do about a credit card a family member got you on her account?
Nothing, other than your obligation to repay the person. Credit card debt belongs to the person who has the account. Authorized users and second card holders are not liable for the debt other than to the account holder.
Who are the users of credit?
Consumers,Businessmen, and the government.............
What should all users of credit cards be alert to and report if found?
Credit card users should check their monthly statements for fraudulent or suspicious charges. Credit users should obtain their credit reports once a year, for free, and review the reports for unknown / unrecognized transactions or applications for credit. All persons should protect their personally identifying information.
What are the main three advantages of Credit card?
The main advantages of credit cards include convenience, as they allow for easy and quick transactions without the need for cash; rewards programs, which often offer points, cash back, or travel benefits for purchases; and the ability to build credit history, which can improve one's credit score when used responsibly. Additionally, credit cards often provide fraud protection, ensuring that users are not held liable for unauthorized charges.
What is the classification of credit according to type of users?
1] Consumer Credit 2] Mercantile or Commercial Credit 3] Bank Credit 4] Investment Credit
What are the benefits of adding authorized users to credit cards?
Adding authorized users to credit cards can help build their credit history, improve their credit score, and provide them with access to credit without the need for their own credit card. It can also allow for easier tracking of expenses and potentially earn rewards on their purchases.
