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When the seller is paid, the customer payment is considered complete, and the transaction is finalized. This typically involves the transfer of funds from the customer's account to the seller's account, thereby confirming the exchange of goods or services. The seller may then issue a receipt or confirmation of the sale to the customer. In accounting terms, this payment reflects a reduction in the customer's liabilities and an increase in the seller's revenue.
What else can I help you with?
When the seller is paid the customers payment is?
When the seller is paid, the customer's payment is typically processed through a payment gateway or financial institution, which verifies the transaction and transfers the funds. Once the payment is confirmed, it is credited to the seller's account, completing the exchange. This process ensures that both parties fulfill their obligations in the transaction.
How do you get your down payment back on foreclosed property?
Your down payment was used to purchase the property and was paid directly to the seller. You don't get it back.
How can I become an online seller?
To become an online seller, you need to choose a platform to sell on, create a seller account, list your products, set up payment methods, and promote your store through marketing and customer service.
Where does the down payment go - to the seller or the bank?
The down payment goes to the seller when you buy a house.
What is an irrevocable bank payment undertaking and what are its benefits to the seller?
And your revocable bank payment is a bank payment that cannot be rescinded. The advantage to the seller is once the payment is issued, it cannot be canceled.
When the seller is paid the customers payment is?
When the seller is paid, the customer's payment is typically processed through a payment gateway or financial institution, which verifies the transaction and transfers the funds. Once the payment is confirmed, it is credited to the seller's account, completing the exchange. This process ensures that both parties fulfill their obligations in the transaction.
When the seller is paid the customer?
credited
When the seller is paid the customer's account is what?
The customer's account is credited.
What is the customer account when the seller is paid?
The customer's account is credited.
When the seller is paid the customers account is what?
The customer's account is credited.
When the seller is paid the customer account is debited or credited?
credited
When seller paid the customer account is?
credited
When the seller is paid the customer's account is credited or debited?
credited
When the seller is paid the customer's account is.credited or debited?
debited
How do you get your down payment back on foreclosed property?
Your down payment was used to purchase the property and was paid directly to the seller. You don't get it back.
Advances from customers appear in the accouting?
If you are the seller and recieve an advance payment from a customer, it means you are owing the customer and as much a creditor. Your cash is debited and the customer ( Customer's deposit account) credited;
How can I become an online seller?
To become an online seller, you need to choose a platform to sell on, create a seller account, list your products, set up payment methods, and promote your store through marketing and customer service.
