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How can one make reservations using Travelocity?
You would need to go online to Travelocity's website and select your trip of your choice. Once you have done that, you can choose to make a reservation and pay for it.
What is credit card check?
A "check card", also known as a debit card, will have a visa sign for example. You can use it to pay in the same manner you would pay with a credit card. The money has to be in your account just like a regular checking account. You have a plastic check that doesnt have to be written out. This way you can order off the internet, pay for gas at the pump, make a hotel reservation, or anything in the past that would normally require a credit card. The money has to be in your account just like a regular hand written check. It is for convience.
Is a contra account a debit or credit account?
That depends, it could be either. a contra-asset account would be just the opposite of an asset. All assets have a debit balance (increase with debit) therefore a contra-asset account would be a credit. The same holds true with a contra-liability account, it is just the opposite, a liability maintains a credit balance (increases with a credit) therefore a contra-liability account would be a debit.
Does a credit to a revenue account increase or decrease an account?
A credit to a revenue account increases the account. In accounting, revenue accounts typically have a normal credit balance, so when a revenue account is credited, it reflects an increase in earnings. Conversely, debiting a revenue account would decrease it.
Can you get in trouble if you steal someone xbox account and use the credit card on the account?
Yes you can since you would be using a stolen credit card which would be considered theft.
Is a contra account a debit or a credit?
That depends, it could be either. a contra-asset account would be just the opposite of an asset. All assets have a debit balance (increase with debit) therefore a contra-asset account would be a credit. The same holds true with a contra-liability account, it is just the opposite, a liability maintains a credit balance (increases with a credit) therefore a contra-liability account would be a debit.
Would parents know if you use their credit card for PayPal account even if they do not have access to your PayPal account?
Yes, it would appear on their credit card statement as going to Paypal.
Does a credit add to or take away from a contra asset account?
A credit would take away.
Would i use equity account type in quickbooks to track line of credit accounts where I draw and repay the account?
No, you would not use an equity account type in QuickBooks to track line of credit accounts. Instead, you should use a liability account, specifically a "Credit Card" or "Other Current Liability" account, to properly track the draws and repayments associated with the line of credit. This ensures that your financial statements accurately reflect your obligations and available credit.
Is it legal to check your credit to open an account with a bank?
Yes, it is perfectly legal to check your credit score before opening an account with a bank. The bank themselves would run a credit check on you before finalizing the account opening procedure. However a good credit score is not mandatory to open a deposit account.
Can a credit card company reopen a charged off account?
No, a credit card company will not reopen a charged off account. They may choose to grant you a new line of credit, but this would be rare.
What is Account type of credit Union account?
At a credit union, you can have checking, savings, money market, etc. just like you would have at a bank. One difference is that credit unions are owned by its members (account holders), rather than stockholders.
