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What is corporate accounts?
It is the organization that pays for the removal charges
What do balances do?
Accounts that are subject to bank service charges.
If payment of the full amount of undisputed charges to your travel charge card bill is not received and posted by the bank 61 calendar days from the closing date on the statement of account what will?
An account may be suspended if payment of the full amount of undisputed charges is not received and posted by the bank 61 calendar days from the closing date on the statement of account.
What do compensating balances represent?
Accounts that are subject to bank service charges.
Legal and Professional Charges comes under which group in accounts?
profit & loss
What types of accounts have a debit balance?
All expenditure related head of accounts are debit balance accounts. Some of the examples are cost of purchases, establishment charges, administrative expenses etc.,
What is journal entry of electricity charges?
Debit electricity chargesCredit cash /bank / accounts payable
Your truck was stolen and the thief crashed into a building and was injured how do you put charges against this person for liability and theft?
Explain it to the police.
Does PNC Bank offer savings accounts for children?
The PNC Bank does offer savings accounts for children. They are happy to promote them because children are less likely to build up overdrafts for instance. The accounts are provided free of charges.
What is meant by sundry charges?
Miscellaneous small or infrequent costs that are not assigned to individual ledger accounts but are classified as a group.
In what circumstances does a liability release apply?
A liability release applies in circumstances when a "Releasor", the person filing the release, is absolving the Releasee of all actions, suits, liabilities and claims. They are used when one wants to release someone from liability. For example, if one is in a hit and run accident and does not want to press charges, they may file a liability release to state that you do not hold them liable for damages resulting.
Carrying cost of accounts receivable?
Accounts Receivable Carry Cost considers cost factors such as cost of capital, bad debt, legal and collection fees, fees, credit card fees, discounts and service charges to evaluate the effectiveness of Accounts Receivable management provided
