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"Count the same as cash" is a vague phrase, but they aren't identical to cash for a variety of reasons:
You can't use them anywhere, only places that already accept Visa (some cards have additional restrictions beyond that).
They generally expire; cash is good effectively forever.
A merchant who accepts cash in payment gets to keep all of it. A merchant who accepts a credit/debit card has to pay a fee to the issuer of the card.
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Does a decrease in prepaid expense increase or decrease cash flow?
Decrease in prepaid expenses increases the cash flow because if there is no prepaid expenses already in balance sheet then cash has to be paid to fulfill expenses but as there are prepaid expenses and company save cash that;s why it increases the cash flow.
What is the journal entry for prepaid expense when cash is not paid?
prepaid expenses are those expenses for which cash is paid in advance but if there is no cash payment then that is not prepaid expense and hence no entry required.
Sales to customers who use bank credit cards such as MasterCard and Visa are usually recorded by a?
debit to Cash and a credit to Sales
What is the journal entry for advance insurance premium paid in cash?
prepaid insurance a/c..........dr. To insurance a/c
What accounts decrease with debit is it interest payable or prepaid insurance or cash?
cash
Does Visa offer a prepaid cash card?
Yes, Visa does offer a prepaid cash card that can be loaded with an unlimited amount of money and reused. You can purchase these cards from Visa or from Walmart.
Which credit card companies offer prepaid gift cards?
Many credit card companies offer prepaid gift cards. Some popular ones include the following: American Express, Visa and Mastercard. Be aware of activation fees prior to buying one.
Where can you get a cash loan wired to your prepaid credit card?
Walmart prepaid card visa
How much does it cost to purchase a Visa cash card?
Purchase prices for prepaid Visa cards vary by the amount you wish to purchase. For example, a $25 Visa card costs $3.95, whereas a $50 card costs $4.95.
What services does National Cash Advance offer?
National Cash Advance is best known for their payday loans, however, they offer additional services as well. They have tax services, prepaid VISA cards, MoneyGram services, and they can exchange gold for cash.
Where can cash rebate cards be compared?
Cash Rebate cards or Cash Back Credit Cards can be compared to TD Travel Cards, TD Rewards Cards, TD Gold Elite Visa, TD Cash Back Master Card and TD Drivers Rewards Visa Card.
What are prepaid loaded debit cards?
Prepaid/ loaded debit cards function like normal debit cards, as they are used in substitution for cash. The largest difference is that they have a preloaded dollar value that can not be exceeded.
Which VISA cards offer cash rewards for purchases?
Most of the popular banks credit cards have the cash rewards program with VISA as Citibank, Chase, Bank of America. Easy to track with online banking.
Where can someone find information on the Visa Cash Cards?
You can find details on Visa Cash Cards from a variety of sources. You can ask your bank, a financial adviser, and you can also ask online on forums or read blogs on the subject.
Does Visa credit card offer cash back on gas?
Some Visa credit cards do offer cash back on certain products. You would need to check with Visa first to be sure that your card is the kind that has cash back.
Where can one obtain a prepaid Credit Card within the UK?
There are several Prepaid Cards available in the UK including the Clear Cash, Kalixa, Pockit, Orange, and Tuxedo cards. These cards can be purchased online at their websites for a small fee.
What companies offer Visa cards with cash back?
Visa cash back is a program that rewards consumers for using their Visa payment card to make purchases. Companies that offer these cards include PNC Bank, Wells Fargo and more popularly The Bank Of America.
