0
Still curious? Ask our experts.
Chat with our AI personalities
Ezra
Lao
BeauAdd your answer:
Earn +20 pts
Does Amazon wait to charge you for your purchase until the item is shipped?
Yes, Amazon typically charges you for your purchase when the item is shipped.
Why does Amazon wait to charge you?
Amazon may wait to charge you for your purchase until the item has been shipped because they want to ensure that the transaction is successful and that the item is available for delivery. This helps prevent any issues with payment processing or inventory availability.
What is credit balance?
This happens when someone pays too much money on their credit card statement. You have money "on credit" in addition to your credit limit. These amounts can be refunded but will usually remain in the account until you charge using the card again, then those funds will be applied towards your purchases on credit.
Can credit cards still charge interest after credit debt has been paid offbefoe due date?
Yes they can. They charge you from the time they last charged you interest until its paid off.
What is the difference between periodic and perpitual inventory system?
Periodic Inventory System Inventory account and cost of goods sold are non-existent until the physical count at the end of the year. Purchases account is used to record purchases. Purchase Return account is used to record Purchases Returns account. Cost of goods sold or cost of sale is computed from the ending inventory figure For goods returned by customers there are no inventory entries. Perpetual Inventory System Account and the balance of costs of goods sold and inventory account exist all the time. No individual purchases account but the purchases are recorded in the Inventory Account. No individual Purchase Returns account but the purchases return are recorded in the Inventory Account. Record cost of goods sold/cost of sale - inventory is reduced when there is a sale. Returns from customers are recorded by reducing the cost of goods sold and adding back into inventory.
