Where did the cash come from? If it was from a customer: Debit Cash and Credit Sales. If it was from Lonnie, Debit Cash and Credit Loan Payable. If it was from an outstanding invoice, Debit Cash and Credit Accounts Receivable.
What is the difference between opening a trust account for a minor and a custodial account?
A tust is a fiduciary relationship in which one party, known as a trustor, gives another party, the trustee, the right to hold title to property or assets for the benefit of a third party, the beneficiary. A trust can be setup for a trustee of any age, and that age can be specified by the trustor. A custodial account is managed by an adult for a client who is considered a minor age 18-21 years old. Once the client reaches the legal age of their state of residence the account is taken over by the named account holder.
If you default on personal credit can a lien go against a business checking account?
Depends on how your business is set up - sole proprietor, corporation, limited partnership, etc.
How does one remove money from your unclosed checking account?
Go to the bank, fill out a withdrawal slip and take it to the teller.
Yes. Just deposit the check into your checking (or savings) account. Your bank will calculate the exchange rate between the two curencies, convert the foreign funds into your home currency, and credit your account with that amount. Banks being banks, (1) they may "hold" the deposit for a week or so to make sure that the foreign check clears (so they actually get their money); (2) they may charge a "fee" to process that foreign check (so that they actually get some more money) and (3) the exchange rate they quote to you might not be as good as what you read in the paper or online (so they actually get a bit more money).
How long is a personal check valid for?
It was 6 months. Check with any bank to be sure of the time limit.
What documents are needed to open a bank account in Ca?
Items needed for Bank Account; · Certificate of good standing · Qualify to do business in Ca · Articles of incorporation · Article of officers · Minutes of board meetings · Business entity information · Change of name · Tax id · bylaws
It's a joint account. "Not knowing" is about the worst defense in the world for anything.
What does overdraft on your checking account mean?
== == Overdraft on your checking account happens when a withdraw or check written exceeds the funds in the account. Often banks will honor the withdraw or check but then charge the account owner on the borrowed funds. Many banks will offer overdraft protection which will pull money from a different account (often a savings account, line of credit, or credit card).
How does a checking account work?
with a Checking account, you can withdraw money, pay bills or make a purchase easily, using checks.
What is the value of a 1964-65 wonderful world of scouting coin from the World's Fair 1964-65?
The value of a 1964-65 Wonderful World of Scouting coin from the World's Fair can vary depending on its condition and rarity. In general, these coins can fetch anywhere from $10 to $50 in the collector's market. It's best to have it appraised by a coin dealer or expert to get an accurate assessment of its value.
Can a collection agency or collector seize a checking account for a medical bill?
== == no they can not do so for a medical bill.
Can i get my money back on a casheries check?
It depends who the cheque is made out too. The only way would be for the person who's name it is made out to - to cash it and give you the money back. If it was made out to yourself or Cash then you can cash it yourself. There may be an option for the place you bought it from to cancel it for a fee and return the money but that's a big maybe. All you can do is ask.
Leave encashment is the amount payable for the employee's leave period, depending upon the leaves to his credit and his salary at the time of termination of employment or at the time of encashing his leaves.
How are checking accounts to be used?
money must be in the account if you are writing checks there is no loan statis here
Offline and online are two different types of e-cash. Also, anonymous and identified are also two other different types of e-cash.
A central bank, reserve bank, or monetary authority is the entity responsible for the monetary policy of a country or of a group of member states. Its primary responsibility is to maintain the stability of the national currency and money supply, but more active duties include controlling subsidized-loan interest rates, and acting as a "bailout" lender of last resort to the banking sector during times of financial crisis (private banks often being integral to the national financial system). It may also have supervisory powers, to ensure that banks and other financial institutions do not behave recklessly or fraudulently. =Most richer countries today have an "independent" central bank, that is, one which operates under rules designed to prevent political interference. Examples include the European Central Bank and the U.S. Federal Reserve. Some central banks are publicly owned, and others are privately owned. In practice, there is little difference between public and private ownership, since in the latter case almost all profits of the bank are paid to the government either as a tax or a transfer to the government.==Shani......=
A REGIONAL RURAL BANK IS A BANK SPONSORED BY NATIONALIZED BANK WITH A STAKE OF 50 % CAPITAL. THE REST CAPITAL IS METOUT BY CENTRAL GOVT, 35% AND STATE GOVT 15% RESPECTIVELY THE MAIN MOTTO TO EXTEND BANKING FACILITIES TO RURAL POPULATION. RD JOSHI 02 ONKAR NAGAR DHAR(mp) 454001
Dear sir, Please give me ' A Format of payment order to bank'' Thanking you,
If an account has been frozen once can they freeze it again?
Well, yes if they freeze it once, they can freeze it again. come on buddy use a little common sense.
Can a collection agency freeze my bank account?
They can't freeze the account initially. First, they must try to collect the debt from you. Then, they can sue you if you do not pay. If they win a judgment against you, they can freeze the bank account. Sometimes collection agencies sue people for debt that is not their or that is past the statute of limitations. Learn your rights by reading up on the FDCPA.
Can joint checking accounts held by persons who are not married be garnished?
Yes. A joint account held by persons who are not married nor related can be levied by a judgment creditor to the extent of the funds in the account that belong to the debtor.
It depends on the bank. Some banks will allow this and others will still deny. Generally they will do a background check for any signers on the account.