What does payment on account by a customer mean?

What does payment on account by a customer mean?
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1 Answer

Answer :

It means to make a partial of full payment without specifying anspecific reason or invoice for the payment.
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Related questions

Payment banks can accept a restricted deposit which is currently limited to _______ per customer account. A. Rs.1 lakh B. Rs.3 lakh C. Rs.2 lakh D. Rs.5 lakh E. None of the Above

Description : Payment banks can accept a restricted deposit which is currently limited to _______ per customer account. A. Rs.1 lakh B. Rs.3 lakh C. Rs.2 lakh D. Rs.5 lakh E. None of the Above

Last Answer : A. Rs.1 lakh Explanation: Payment banks can accept a restricted deposit which is currently limited to Rs. 1 lakh per customer account.

A Sales Returns and Allowances account is not debited if a customer a. returns defective merchandise. b. receives a credit for merchandise of inferior quality. c. utilizes a prompt payment incentive.

Description : A Sales Returns and Allowances account is not debited if a customer a. returns defective merchandise. b. receives a credit for merchandise of inferior quality. c. utilizes a prompt payment incentive.

Last Answer : c. utilizes a prompt payment incentive.

In NetBill’s protocol for small payments for internet services (i) Key to decrypt information is sent to customer by NetBill only when there is enough amount in debit account (ii) The vendor supplies the key to NetBill server when he receives payment (iii) Checksum of encrypted information received by customer is attached to his payment order (iv) Vendor does not encrypt information purchased by customer a. i, ii b. i, ii, iii c. i, ii, iii, iv d. i, ii, iv

Description : In NetBill's protocol for small payments for internet services (i) Key to decrypt information is sent to customer by NetBill only when there is enough amount in debit account (ii) The vendor supplies the key to NetBill server when he ... i, ii b. i, ii, iii c. i, ii, iii, iv d. i, ii, iv

Last Answer : b. i, ii, iii 

App error resulting in Cash App payment failed Get help from customer care.?

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Last Answer : There can be a ton of reasons for a Cash App payment failed situation. App error is one of the situations. Therefore, if you have a problem related with the app, then it is advisable ... technicalities of the app by using support’s help. You can also use the assistance provided by customer care.

An ECS transaction gets bounced and you are unable to recover your money from your customer. Under which Act criminal action can be initiated? A. Negotiable Instrument Act 1881 B. Criminal Procedure Code C. Payment and Settlement Systems Act 2007 D. Indian Companies Act 1956

Description : An ECS transaction gets bounced and you are unable to recover your money from your customer. Under which Act criminal action can be initiated? A. Negotiable Instrument Act 1881 B. Criminal Procedure Code C. Payment and Settlement Systems Act 2007 D. Indian Companies Act 1956

Last Answer : C. Payment and Settlement Systems Act 2007 Explanation: Under the Section 25 of Payment and Settlement Systems (PSS) Act, 2007, dishonour of an electronic fund transfer instruction due to insufficiency ... fine or both, similar to the dishonour of a cheque under the Negotiable Instruments Act 1881.

When a remitter presents MO form filled in regional language which is not known at the office of payment, the MO issue PA a) Translates into English b) Dispatches the MO form as it is c) Insists the customer to fill the form in English d) Refused to book the MO

Description : When a remitter presents MO form filled in regional language which is not known at the office of payment, the MO issue PA a) Translates into English b) Dispatches the MO form as it is c) Insists the customer to fill the form in English d) Refused to book the MO

Last Answer : a) Translates into English

Secure communication means a. Protect transmission of credit card number b. Guarantee privacy of customer c. Unauthorized access of payment details d. All the above

Description : Secure communication means a. Protect transmission of credit card number b. Guarantee privacy of customer c. Unauthorized access of payment details d. All the above

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In Electronic cash payment (i) a customer withdraws “coins” in various denominations signed by the bank (ii)the bank has a database of issued coins (iii) the bank has a database of spent coins (iv) the bank cannot trace a customer a. i, ii b. i, ii, iii c. i, ii, iii, iv d. ii, iii, iv

Description : In Electronic cash payment (i) a customer withdraws “coins” in various denominations signed by the bank (ii)the bank has a database of issued coins (iii) the bank has a database of spent coins (iv) the bank cannot trace a customer a. i, ii b. i, ii, iii c. i, ii, iii, iv d. ii, iii, iv 

Last Answer : b. i, ii, iii 

In Electronic cash payment a. a debit card payment system is used b. a customer buys several electronic coins which are digitally signed by coin issuing bank c. a credit card payment system is used d. RSA cryptography is used in the transactions

Description : In Electronic cash payment a. a debit card payment system is used b. a customer buys several electronic coins which are digitally signed by coin issuing bank c. a credit card payment system is used d. RSA cryptography is used in the transactions 

Last Answer : b. a customer buys several electronic coins which are digitally signed by coin issuing bank 

In the NetBill’s protocol for small payments for services available in the internet. (i) the customer is charged only when the information is delivered (ii)the vendor is guaranteed payment when information is delivered (iii) the customer must have a certified credit card (iv) the customer must have a valid public key a. i, ii b. i, ii, iii c. i, ii, iii, iv d. i, ii, iv

Description : In the NetBill's protocol for small payments for services available in the internet. (i) the customer is charged only when the information is delivered (ii)the vendor is guaranteed payment when information is delivered  (iii) the customer ... , ii b. i, ii, iii c. i, ii, iii, iv d. i, ii, iv 

Last Answer : d. i, ii, iv

What is an average interest payment on a savings account?

Description : What is an average interest payment on a savings account?

Last Answer : I was told that my interest is half a percent per month if I don’t take any out. I was told that when I reach a minimum of $5,000 a month that my savings interest would be 1.5 percent if I switch to a high interest savings account.

Suppose I borrow money from X and I authorize my bank to make monthly payments directly from my checking account. Now, I want more flexibility by paying either online or by check. X refuses to let me do this. But my bank refuses to "stop payment" on these tranfers even though its my money and it has no obligation to X. What's the law on this?

Description : Suppose I borrow money from X and I authorize my bank to make monthly payments directly from my checking account. Now, I want more flexibility by paying either online or by check. X refuses to let me do ... tranfers even though its my money and it has no obligation to X. What's the law on this?

Last Answer : answer:Hmm, I suppose you're from USA. Don't know the laws there, but here in Slovenia, we handle things like this by calling and yelling at the lady on the other side and things get fixed eventually. But ... what you can't do with you money. I'd threaten them I'm gonna change the bank or smthng.

Java Phone Income ? I want to earn income on Java phone but there is no payment in cash account. Give me a link from where you can earn income on Java phone and also get money recharge in mobile recharge or cash account. Plz said.

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Last Answer : There is no way to earn money on Java phone

Hi, I would like to ask how is it with ordering things from the red bubble, directly with payment via card, will it be a normal transfer to the account, or how? :)

Description : I would like to order a T-shirt from Red bubble, but I'm not 18 yet, so I need advice on how to pay by card (via mom) how it works, whether as a normal transfer or how? :)

Last Answer : Need Answer

Anonymous payment on account

Description : Do I have to list the sender when I send money to someone's account? Or is it anonymous?

Last Answer : Yes - can be deposited (sent) to the account anonymously - up to € 1,000 (or currency equivalent). Even so, the bank (post office ...) may want to prove your identity - according to §6, Act 253/2008.

Should payment be accepted through a paypal account, or is this probaly some type of scam to not pay me?

Description : Should payment be accepted through a paypal account, or is this probaly some type of scam to not pay me?

Last Answer : There have been many reported PayPal fraud, we strongly suggest users to deal with buyers in person and insist on cash transactions. One sure sign of fraud/scam is that the the buyer offers to pay more than ... sent by the buyer. Go to PayPal web site by typing in paypal.com in your web broswer.

An open source platform for mobile-to-mobile fund transfers without account details launched by NPCI was ________ A. Unified Payment Interface B. Union of Payment Interface C. Payment Interface D. Unique Payment Interface E. People‘s Payment Interface

Description : An open source platform for mobile-to-mobile fund transfers without account details launched by NPCI was ________ A. Unified Payment Interface B. Union of Payment Interface C. Payment Interface D. Unique Payment Interface E. People‘s Payment Interface

Last Answer : A. Unified Payment Interface Explanation: UPI allows you to pay directly from your bank account to different merchants without the hassle of typing your card details, or netbanking/wallet password.

Unified Payment System (UPI), a common platform which links your _________ to a virtual payment address, effectively making money transfer as easy as an SMS. A. Bank Account Number B. IFSC Code C. Virtual Address D. All of the Above E. None of the Above.

Description : Unified Payment System (UPI), a common platform which links your _________ to a virtual payment address, effectively making money transfer as easy as an SMS. A. Bank Account Number B. IFSC Code C. Virtual Address D. All of the Above E. None of the Above.

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Up to what amount payment order for withdrawal from saving account may be sanctioned by a branch postmaster? a) Rs 500/- b) Rs 2500/- c) Rs 5000/- d) Rs 10000/

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A BO bag sent a branch office by its account office must always contain BO slip and it may contain a) Postal order for issue/payment b) Money order for payment c) Cash bag containing cash/stamp, SB document, and saving certificates d) All the above

Description : A BO bag sent a branch office by its account office must always contain BO slip and it may contain a) Postal order for issue/payment b) Money order for payment c) Cash bag containing cash/stamp, SB document, and saving certificates d) All the above

Last Answer : d) All the above

A money order received but loss before payment a) The postmaster should then give an intimation to the office of issue by telegraph/fax b) After receiving the intimation the office of issue will prepare duplicate MO in MO 57 and forward to office of payment by service regd post c) A report regarding the issue of a duplicate money order should be made to the home postal account office. d) All the above

Description : A money order received but loss before payment a) The postmaster should then give an intimation to the office of issue by telegraph/fax b) After receiving the intimation the office of issue will prepare ... a duplicate money order should be made to the home postal account office. d) All the above

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Which of the following relatively small misstatements most likely could have a material effect on an entity’s financial statements? a. A piece of obsolete office equipment that was not retired. b. An illegal payment to a foreign official that was not recorded. c. A petty cash fund disbursement that was not properly authorized. d. An uncollectible account receivable that was not written off.

Description : Which of the following relatively small misstatements most likely could have a material effect on an entity's financial statements? a. A piece of obsolete office equipment that was not retired. ... that was not properly authorized. d. An uncollectible account receivable that was not written off.

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Payment on account of pensions and commuted value of pensions made by Head and Sub Post offices will be entered in a separate schedule The above said statement is a. True b. False

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Payment related with Compensation for registered articles should be credited ---------- account head a. Bills Paid b. refund of article c. UCP

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Payment of account of international and commonwealth reply coupons has to be credited ---------------- account head a. UCP b. Bills Paid c. Payment of refund

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The balance of payments of a country on current account is equal to A. Balance of trade plus short term B. Balance of trade plus net invisible exports C. Balance of payment minus capital flows

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A preferred provider organization is described as a a) Business arrangement between hospitals and physicians. PPO’s usually contract to provide health care to subscribers, usually businesses, for a negotiated fee that often is discounted. b) Prepaid group health practice system. A prepaid group health practice system is termed a health maintenance organization. c) Limited insurance program. Insurance is a cost payment system of shared risk, not a health care delivery system. d) Health care savings account program. A health care savings account program is an incentive program to consumers, not a health care delivery system.

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Last Answer : a) Business arrangement between hospitals and physicians. PPO’s usually contract to provide health care to subscribers, usually businesses, for a negotiated fee that often is discounted.

The Merchandise Inventory account is used in each of the following except the entry to record a. goods purchased on account. b. the return of goods purchased. c. payment of freight on goods sold. d. payment within the discount period.

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Last Answer : c. payment of freight on goods sold.

When the purchasing company makes payment of the purchase consideration, it debits: A. Business purchase account B. Assets account C. Vendor company's account. D. Realisation A/c

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For which function money is accepted as a unit of account? (a) Measure of value. (b) Store of value. © Medium of exchange. (d) Standard of deferred payment.

Description : For which function money is accepted as a unit of account? (a) Measure of value. (b) Store of value. © Medium of exchange. (d) Standard of deferred payment.

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I've been a Sprint customer for 2 days now, if I cancel my account today will they ask their phone back?

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How to get Facebook Account Password Recover If you want instant solution related to technical issues & just call us customer service number DIAL(+1-866-987-2474)& get best offer and world class service experience?

Description : How to get Facebook Account Password Recover If you want instant solution related to technical issues & just call us customer service number DIAL(+1-866-987-2474)& get best offer and world class service experience?

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When a customer opens a bank savings account the bank essentially becomes a(n) .?

Description : When a customer opens a bank savings account the bank essentially becomes a(n) .?

Last Answer : borrower

When a customer opens a bank savings account the bank essentially becomes a(n) .?

Description : When a customer opens a bank savings account the bank essentially becomes a(n) .?

Last Answer : borrower

The permission given to a bank customer to draw cheques in excess of his current account balance is called - (1) a personal loan (2) an ordinary loan (3) discounting a bill of exchange (4) an overdraft

Description : The permission given to a bank customer to draw cheques in excess of his current account balance is called - (1) a personal loan (2) an ordinary loan (3) discounting a bill of exchange (4) an overdraft

Last Answer : (4) an overdraft Explanation: Overdrafts is an extension of credit from a lending institution when an account reaches zero. An overdraft allows the individual to continue withdrawing money even if the ... available balance goes below zero. In this situation the account is said to be "overdrawn."

In case of failed ATM transactions, if the amount is not credited to customer‟s account within 7 working days from the date of receipt of the complaint. Banks have to pay compensation at the rate of Rs.________ per day. A. 150 B. 200 C. 100 D. 10 E. 50

Description : In case of failed ATM transactions, if the amount is not credited to customer‟s account within 7 working days from the date of receipt of the complaint. Banks have to pay compensation at the rate of Rs.________ per day. A. 150 B. 200 C. 100 D. 10 E. 50

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A customer can link how many account to the same mobile number? A. Only One B. Only Two C. Only Three D. More than One E. None of the Above

Description : A customer can link how many account to the same mobile number? A. Only One B. Only Two C. Only Three D. More than One E. None of the Above

Last Answer : D. More than One Explanation: customer can link more than one account to the same mobile number. However each A/C no will have different MMID.

Which of the following is an example of fraudulent financial reporting? a. The treasurer diverts customer payments to his personal due, concealing hisactions by debiting an expense account,thus overstating expenses. b. Company management changesinventory count tags and overstatesending inventory, while understatingcost of goods sold. c. An employee steals inventory and the“shrinkage” is recorded in cost of goodssold. d. An employee steals small tools from thecompany and neglects to return them;the cost is reported as a miscellaneousoperating expense

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Last Answer : Company management changes inventory count tags and overstates ending inventory, while understating cost of goods sold

Develop a dialogue between bank manager and customer regarding opening a new account. (8 to 10 dialogues)

Description : Develop a dialogue between bank manager and customer regarding opening a new account. (8 to 10 dialogues)

Last Answer : Ans: Customer : Good Morning Sir. Bank Manager : Good Morning. What can I do for you? Customer : Sir I want to open a savings account in your bank.  Can you please guide me about the ... working days after you submit the  application form. Customer : Thank you. Bank Manager : You are welcome.

Consider the following schemas: Branch = (Branch-name, Assets, Branch-city) Customer = (Customer-name, Bank-name, Customer-city) Borrow = (Branch-name, loan-number, customer account-number) Deposit = (Branch-name, Account-number, Customer-name, Balance) Using relational Algebra, the query that finds customers who have balance more than 10,000 is ................. (A) πcustomer-name(σbalance> 10000(Deposit)) (B) σcustomer-name(σbalance> 10000(Deposit)) (C) πcustomer-name(σbalance> 10000(Borrow)) (D) σcustomer-name(σbalance> 10000(Borrow))

Description : Consider the following schemas: Branch = (Branch-name, Assets, Branch-city) Customer = (Customer-name, Bank-name, Customer-city) Borrow = (Branch-name, loan-number, customer account-number) Deposit = ... )) (C) πcustomer-name(σbalance> 10000(Borrow)) (D) σcustomer-name(σbalance> 10000(Borrow))

Last Answer : (A) πcustomer-name(σbalance> 10000(Deposit)) 

The permission given to a bank customer to draw cheques in excess of his current account balance is called (1) a personal loan (2) an ordinary loan (3) discounting a bill of exchange (4) an overdraft

Description : The permission given to a bank customer to draw cheques in excess of his current account balance is called (1) a personal loan (2) an ordinary loan (3) discounting a bill of exchange (4) an overdraft

Last Answer : an overdraft