What do you mean by the debit balance of Pass Book?

What do you mean by the debit balance of Pass Book?
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What do you mean by the debit balance of Pass Book?
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The debit balance of Pass Book represents overdraft.

Description : The debit balance of Pass Book represents overdraft.

Last Answer : State whether the following statement are True or False with reason : The debit balance of Pass Book represents overdraft.

(i) Overdraft as per cash book means debit balance as per cash book.

Description : (i) Overdraft as per cash book means debit balance as per cash book.

Last Answer : Correct and rewrite the following statements. (i) Overdraft as per cash book means debit balance as ... on overdraft A/c is income for the business.

Payments made by the bank as per standing instructions are recorded on the Debit balance of the Pass Book.

Description : Payments made by the bank as per standing instructions are recorded on the Debit balance of the Pass Book.

Last Answer : State whether the following statement are True or False with reason : Payments made by the bank ... recorded on the Debit balance of the Pass Book.

Can you buy food with a debit card if it has a negative balance?

Description : Can you buy food with a debit card if it has a negative balance?

Last Answer : Depends on your bank’s policy. Mine would allow it then slap me with some hefty overdraft fees.

When the total of debit side of an account exceeds credit side, it is called __________ balance. 

Description : When the total of debit side of an account exceeds credit side, it is called __________ balance. 

Last Answer : When the total of debit side of an account exceeds credit side, it is called __________ balance. (a) Debit (b) Credit (c) Nil (d) Real

Excess of debit total of an account over it’s credit total indicates _____________ balance. 

Description : Excess of debit total of an account over it’s credit total indicates _____________ balance. 

Last Answer : Excess of debit total of an account over it’s credit total indicates _____________ balance. (a) Negative (b) Positive (c) Debit (d) Credit

State the meaning of ‘Debit Balance’.

Description : State the meaning of ‘Debit Balance’.

Last Answer : State the meaning of ‘Debit Balance’.

Debit balance of Trading Account means ___________ 

Description : Debit balance of Trading Account means ___________ 

Last Answer : Debit balance of Trading Account means ___________ (a) Gross Loss (b) Net Loss (c) Net Profit (d) Gross Profit

Is the AR on balance sheet credit or debit account?

Description : Is the AR on balance sheet credit or debit account?

Last Answer : Feel Free to Answer

What is debit is not the normal balance?

Description : What is debit is not the normal balance?

Last Answer : Feel Free to Answer

Which of the following accounts has a normal debit balance? a. Merchandise Inventory b. Sales Returns and Allowances c. Cost of goods sold d. Sales

Description : Which of the following accounts has a normal debit balance? a. Merchandise Inventory b. Sales Returns and Allowances c. Cost of goods sold d. Sales

Last Answer : d. Sales

ncome Summary has a credit balance of $12,000 in J. Sawyer Co. after closing revenues and expenses. The entry to close Income Summary is a. credit Income Summary $12,000, debit Retained Earnings $12,000. b. credit Income Summary $12,000, debit Dividends $12,000. c. debit Income Summary $12,000, credit Dividends $12,000. d. debit Income Summary $12,000, credit Retained Earnings $12,000.

Description : ncome Summary has a credit balance of $12,000 in J. Sawyer Co. after closing revenues and expenses. The entry to close Income Summary is a. credit Income Summary $12,000, debit Retained Earnings ... 000, credit Dividends $12,000. d. debit Income Summary $12,000, credit Retained Earnings $12,000.

Last Answer : d. debit Income Summary $12,000, credit Retained Earnings $12,000.

Speedy Bike Company received a $940 check from a customer for the balance due. The transaction was erroneously recorded as a debit to Cash $490 and a credit to Service Revenue $490. The correcting entry is a. debit Cash, $940; credit Accounts Receivable, $940. b. debit Cash, $450 and Accounts Receivable, $490; credit Service Revenue, $940. c. debit Cash, $450 and Service Revenue, $490; credit Accounts Receivable, $940. d. debit Accounts Receivable, $940; credit Cash, $450 and Service Revenue, $490.

Description : Speedy Bike Company received a $940 check from a customer for the balance due. The transaction was erroneously recorded as a debit to Cash $490 and a credit to Service Revenue $490. The ... Receivable, $940. d. debit Accounts Receivable, $940; credit Cash, $450 and Service Revenue, $490.

Last Answer : c. debit Cash, $450 and Service Revenue, $490; credit Accounts Receivable, $940.

If Income Summary has a credit balance after revenues and expenses have been closed into it, the closing entry for Income Summary will include a a. debit to the retained earnings account. b. debit to the owner’s dividends account. c. credit to the retained earnings account. d. credit to the owner’s dividends account.

Description : If Income Summary has a credit balance after revenues and expenses have been closed into it, the closing entry for Income Summary will include a a. debit to the retained earnings account. b. debit ... . c. credit to the retained earnings account. d. credit to the owner's dividends account.

Last Answer : c. credit to the retained earnings account.

Premium received on issue of shares is shown on-----------. A. asset side of the balance sheet B. liability side of the balance sheet C. credit side of the P&L a/c. D. debit side of the P & L a/c

Description : Premium received on issue of shares is shown on-----------. A. asset side of the balance sheet B. liability side of the balance sheet C. credit side of the P&L a/c. D. debit side of the P & L a/c

Last Answer : B. liability side of the balance sheet

How is a debit card with a checking account different from this >PASS card?

Description : How is a debit card with a checking account different from this >PASS card?

Last Answer : It's like a cross between a checking account and a gift card. With a pre-paid card, your parents deposit money onto the card, and can reload more money as you spend it down. In that way it's ... costs $50, your card will be declined and you will have to find another way to pay for your purchase.

Bank charges debited by Bank increase bank balance as per Pass Book.

Description : Bank charges debited by Bank increase bank balance as per Pass Book.

Last Answer : State whether the following statement are True or False with reason : Bank charges debited by Bank increase bank balance as per Pass Book.

Credit balance in the Pass Book represents _____________ 

Description : Credit balance in the Pass Book represents _____________ 

Last Answer : Credit balance in the Pass Book represents _____________ (a) overdraft (b) bank balance (c) loan borrowed (d) negative

Overdraft means _________ balance of Pass Book. 

Description : Overdraft means _________ balance of Pass Book. 

Last Answer : Overdraft means _________ balance of Pass Book. (a) opening (b) debit (c) credit (d) closing

(i) Excess of a total of debit side over a total of credit side of Cash Book, Bank column.

Description : (i) Excess of a total of debit side over a total of credit side of Cash Book, Bank column.

Last Answer : Give one word/term/phrase which can substitute each of the following statements: (i) Excess of a ... balance of the bank column of the Cash Book.

If a debit card transaction is PENDING, does that mean the charge will definitely go through?

Description : If a debit card transaction is PENDING, does that mean the charge will definitely go through?

Last Answer : No, it means that they are aware of it, but haven't as yet approved it. They will automatically reserve funds in the expectation of approval, but that is all. Usually if you are an established customer - ... whatever. They aren't out to get you, they want your business - but at no risk to them.

Goodwill mean A. Good Will B. Credit C. Debit D. Good Wishes

Description : Goodwill mean A. Good Will B. Credit C. Debit D. Good Wishes

Last Answer : B. Credit

I used my debit card at a gas station in another state the other day. Now they are texting me about specials. Can my bank legally give out my phone number at businesses where I use my card?

Description : I used my debit card at a gas station in another state the other day. Now they are texting me about specials. Can my bank legally give out my phone number at businesses where I use my card?

Last Answer : It sounds like something that might fall under your state laws. Google your state laws, that’s where I would start.

Have you successfully retrieved money from a fraud claim you filed on your debit card?

Description : Have you successfully retrieved money from a fraud claim you filed on your debit card?

Last Answer : I did. It took a few days, but I only dealt with my bank. Actually, the bank had called me first, suspecting that the transaction was fraudulent.

Have chip-card debit credit cards been a failure in the US?

Description : Have chip-card debit credit cards been a failure in the US?

Last Answer : I have had fewer problems with chip cards than I did with cards that only had a mag strip that got scratched and unreadable. And he problems seem to be the reader, not the cards. My cards also don’t get bent or sat upon. I have a metal wallet that I carry in my front pocket.

Why are the ATM machines still busy, if people can pay with credit card, and debit card just about any store nowadays?

Description : Why are the ATM machines still busy, if people can pay with credit card, and debit card just about any store nowadays?

Last Answer : It doesn’t cost me anything to use the ATM at my bank. And sometimes I just want to pay with cash. If I’m out with friends, I pay my share with cash. At strange gas stations away from home I prefer to pay with cash. Buying a quick donut or sandwich, cash.

Do you think it would be helpful to have our pictures on our credit or debit cards?

Description : Do you think it would be helpful to have our pictures on our credit or debit cards?

Last Answer : No, I do not think it is likely this would be helpful to me. Yes, there are banks that do it. The main reason it's considered helpful is to try to prevent use of your card by others. ... think it will confound many people in the case that someone does take your card, unless they're extremely dense.

When a debit card does not have a chip, am I still able to track it?

Description : When a debit card does not have a chip, am I still able to track it?

Last Answer : Yes. The company who issued the card will be able to track where yours was last used.

What are my options for getting cash from my checking account without the physical debit card?

Description : What are my options for getting cash from my checking account without the physical debit card?

Last Answer : My guess is that your fate will be determined by the temperament of whichever bank employee you happen to draw. The way I see it, so cavalier an attitude regarding your debit card raises some intriguing questions.

Help! How can I get paid in bitcoin and use a bitcoin debit card?

Description : Help! How can I get paid in bitcoin and use a bitcoin debit card?

Last Answer : answer:You don't say where you live, so it is hard to answer. First of all, you have to find someone willing to pay you in bitcoin. That won't be in the US, but maybe you can find an ... very many bitcoin ATMs that will convert to real money. I live near San Francisco, and there are only a few.

Do you bother to sign your debit/credit cards anymore, if you ever did.

Description : Do you bother to sign your debit/credit cards anymore, if you ever did.

Last Answer : No, I just scribble on the line. No one has ever questioned my about my signature.

Does anyone know what prepaid Visa debit card allows you to withdraw more than $300.00 dollars at one time?

Description : Does anyone know what prepaid Visa debit card allows you to withdraw more than $300.00 dollars at one time?

Last Answer : You can contact your bank to find out what the current limit is on your account and have them increase the withdrawal limit. Contact customer service (MetaBank) at 1–866-331–8745; they can help you.

PayPal Gurus: Why can I no longer access my bank debit card for checkout?

Description : PayPal Gurus: Why can I no longer access my bank debit card for checkout?

Last Answer : I’ve heard of other people with this issue, but never really looked into it, but they also got a paypal debit or credit card

My parents think I'm stealing money from their debit card?

Description : My parents think I'm stealing money from their debit card?

Last Answer : I learned both as a kid and later in my career that an honest admission usually solves problems like this quickly and relatively painlessly. The more you avoid telling your parents what happened, the guiltier you ... told us and I'm betting they'll understand. Good luck. Let us know how it goes.

How can I use my debit card without knowing my pin number, or any of my accounts information?

Description : How can I use my debit card without knowing my pin number, or any of my accounts information?

Last Answer : Yes, go to your bank with identification. I have an on-line access to my account and can change the pin number, just have to log on with my ID and password.

How to understand credit- and debit cards? (more info inside)

Description : How to understand credit- and debit cards? (more info inside)

Last Answer : Credit card – spending money you don’t have. Debit card – Like writing a check.. but digitally.

What would be the difference if I pay my Netflix monthly fee with Paypal instead of my Visa debit card directly?

Description : What would be the difference if I pay my Netflix monthly fee with Paypal instead of my Visa debit card directly?

Last Answer : One thing I learned. If you use your Visa/Debit and the funds aren’t available then the charge will just be declined (unless you have overdraft protection) but with PayPal, they will keep trying to make the charge go through and will assign NSF fees in addition to any your bank does.

What investigation takes place when you report fraudulent activity on your debit card?

Description : What investigation takes place when you report fraudulent activity on your debit card?

Last Answer : answer:So, it depends to a degree on your bank's policy. You've attested wrongful charges, Netflix will look into it to see if it was indeed wrongful. They may or may not find it so, definitions get a ... later I got a letter saying, in short you're fine, all charges taken care of . So good luck!

Who is responsible for credit card debit when someone dies?

Description : Who is responsible for credit card debit when someone dies?

Last Answer : The estate pays all debts before any inheritance is handed over.

Personal Pictures On Debit Cards?

Description : Personal Pictures On Debit Cards?

Last Answer : The picture is supposed to be for security reasons. Do you understand why having a picture of two people on the card could be a problem?

Will the banks start charging us for using a debit card?

Description : Will the banks start charging us for using a debit card?

Last Answer : A safe alternative is checks. Some banks give a certain number of free checks per month, and some have unlimited free checks. They may require a minimum in checking. (I just paid $1 fee yesterday for ... on Monday about and try to get them to reverse. It's new since Wachovia became Wells Fargo).

Does anyone use the American Express debit card?

Description : Does anyone use the American Express debit card?

Last Answer : answer:

Why was my debit card rejected on the UK Amazon site?

Description : Why was my debit card rejected on the UK Amazon site?

Last Answer : Was it for something really expensive? I know my card has a limit where it’ll reject it if I try to buy something really expensive (like a laptop).

Does anyone use the Skylight prepaid debit card?

Description : Does anyone use the Skylight prepaid debit card?

Last Answer : answer:Never heard of it, but myskylightcard.com has a location finder, and instructions for how to do so. Note that the instructions inform you that some locations may charge a small fee to ... would use this. What is the advantage over just using a debit card connected to your bank account?

Anyone using prepaid debit cards?

Description : Anyone using prepaid debit cards?

Last Answer : What new regs and fees?

Paypal debit card possible?

Description : Paypal debit card possible?

Last Answer : answer:I don’t see why not. it is, in effect, a checking account. How do you implement it? I don’t see how. They are unlikely to give you a finder’s fee for the idea, which they have probably already thought of.

EBay is asking me for an expiration date but Im paying via debit?

Description : EBay is asking me for an expiration date but Im paying via debit?

Last Answer : Erm, forgive me, but are you sure you don't? My debit card does, but maybe yours is different. The expiry date would be something like 09/12, written near the bottom of the front of the card, ... would be the last three digits on the signature strip on the rear Does your card really not have these?

How long does it take for your debit card to activate ?

Description : How long does it take for your debit card to activate ?

Last Answer : answer:I think it just depends on the bank and how you activated it. If you did an automated activation thing, it may take longer than if you had talked to someone directly. I’ve never tried to use a card right after activating it, but I have used them the next day without a problem.

EBay is asking me for an expiration date but Im paying via debit?

Description : EBay is asking me for an expiration date but Im paying via debit?

Last Answer : Erm, forgive me, but are you sure you don't? My debit card does, but maybe yours is different. The expiry date would be something like 09/12, written near the bottom of the front of the card, ... would be the last three digits on the signature strip on the rear Does your card really not have these?

In your experience which is the best pre paid debit card around? I need one I can add money to without a high cost for adding the money.

Description : In your experience which is the best pre paid debit card around? I need one I can add money to without a high cost for adding the money.

Last Answer : It depends on how you add the money. There is no fee for direct deposit, such as from an employer or Social Security, no fee for a transfer from a bank account not all banks will accept transactions Upside.com provides the Upside card for a monthly fee of $1.99