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What might happen if a clerk entered a larger amount on a customer's bill than the customer owed?
If a clerk entered a larger amount on a customer's bill than the customer owed, it could lead to overcharging, resulting in the customer paying more than necessary. This may cause frustration and distrust, potentially damaging the business's reputation. The customer might request a refund, which could require additional administrative work and time to rectify the error. Additionally, if not addressed promptly, it could lead to financial discrepancies in the business's accounting records.
What else can I help you with?
What happen when a discounted cheque dishonoured?
cheque is returned to the party and amount of discounted value of cheque is debited in his account.
How much an life insurance agent earns?
An insurance agent usually earns 10-15% of the first years premium as commission on each policy plus everytime a customer makes a premium payment in the subsequent years, he would get 1 or 2% of the premium amount Apart from this, they may have some bonus or gifts if they happen to get many policies in a month or quarter or year.
Define bank demand draft?
A Demand Draft is an instrument that signifies the availability of cash till the amount specified in the DD. It is similar to a cheque in appearance and usage with the difference that a cheque may or may not get cashed but a DD is guaranteed payment. While issuing a cheque you need not have cash in your account but still issue it. But in case of a DD you must have cash and that amount would be debited the moment you issue a DD and the payment would happen when the customer deposits the DD.
Is it possible to purchase a house for less than the amount you were pre-approved for?
Yes, it is possible to purchase a house for less than the amount you were pre-approved for. This can happen if you find a property that is priced lower than your pre-approval amount or if you decide to make a smaller down payment.
What is overdraft ret?
An overdraft is a financial service that allows an account holder to withdraw more money than their current account balance, effectively going into negative balance. This can happen with checks, debit card purchases, or withdrawals. Banks typically charge fees or interest on the overdrawn amount, and there may be limits on how much can be overdrawn. It's important for customers to understand the terms and potential costs associated with overdraft protection.
What is the appropriate classification of customers accounts with credit balances in a balance sheet?
If a customers account has a "credit" balance, this means the company owes that customer rather than the customer owing the company. Customer accounts tend to have a debit balance, meaning the customer owes the company that amount. It is rare when a company owes a customer, if this does happen, the account becomes a liability instead of an asset because of the fact that now the company owes money rather than is "owed" money.
When does customer service happen?
when customers come back to get more product or service in stead of leaving or complaining.
What are the implications of handling customer complaints poorly?
Look at the question as 'what would happen to the organisation if they handled customer complaints poorly?' For example they would loose business as the customers would go elsewhere.
What are the organisational of handling customer complaints poorly?
Look at the question as 'what would happen to the organisation if they handled customer complaints poorly?' For example they would loose business as the customers would go elsewhere.
What are the organisational implications of handling customer complaints poorly?
Look at the question as 'what would happen to the organisation if they handled customer complaints poorly?' For example they would loose business as the customers would go elsewhere.
What needs to happen in account receivable when a customer pays their account?
When a customer pays their account, the account receivable department needs to put the amount of the payment into the computer. A receipt should also be sent to the customer.
What needs to happen when recording a sale on a journal entry?
You get lots of $$$$$$$$$$$$$$$$$$. (Or where I live: ££££££££££££££££££££).
What is duplicate transaction?
A duplicate transaction is when the same transaction is processed more than once, resulting in the same amount being charged to the customer multiple times. This can happen due to technical glitches, human error, or system failures. It is important for businesses to identify and rectify duplicate transactions to prevent overcharging customers.
What would happen if a human entered the sun?
They'd die...
What did the mississippians want to happen when they re-entered the union?
Coach johnston
What will happen if the amount of combustion drops?
what will happen if the amount of combustion in earth drops?
What happen to Chinese society after the fall of the Han Dynasty?
They entered a Period of Disunity.
