Display graphically the mechanism of settlements by transfers upon request of a payee (direct debiting)

Q: Explain the differences between upstream and downstream intra-entity transfers, as well as how each…

A: Intra-entity transfer refers to transfer of goods or products among the entities. More often, such…

Q: Explain the two types of disbursements for services.

A: Disbursement can be defined as the act of paying out the money. This includes the money that is…

Q: In bill of exchange the payment is received by

A: Option (d) is the correct answer

Q: Discuss the realization principle and how it is applied in the recognition of revenue. Does the…

A: Definition: The revenue recognition principle: The revenue recognition principle refers to the…

Q: The following are the parties involved in a transaction that uses check as medium of exchange except…

A: >Checks are the financial instruments used to pay off entities though bank payments. >In a…

Q: Discuss any two features of digicash that fulfill the requirements of the electronic payment system.

A: Electronic payment system is the system which has been established within the system of the money…

Q: Describe the process by which a banker’s acceptance is create

A: Banker's acceptances It can be characterized as the bank's promise to pay the given sum to the…

Q: Match the following paper payment types with the correct description.

A: Payment types means various modes of payment which are used for the purpose of making payment to…

Q: Which one of the following will verify the documents and decide on their payability? Select one: A.…

A: Any agreement of consignment of goods through shipping or sale of goods through shipping has…

Q: Illustrate some examples in the area of loan transactions?

A: Loan transactions Accounting: Loans refer to one of the best options for financing. Every business…

Q: ill of exchange important? Why

A: Bill of exchange is some sort of promise to other that he will pay the given amount on a given date…

Q: Which function of money allows individuals to make payment now in return for goods and services? A.…

A: Medium of exchange : Money serves as a medium of exchange. Money facilitates exchange of goods…

Q: Explain how documents or drafts method is the most less risky method of making trade payments

A: Draft method of trade payments is a type of exchange money in which an exporter is paid for its…

Q: Review each event below and determine what would likely be the type of items exchanged in the…

A: Every transaction has dual effect on the books of account. Assets = Liabilities + Stockholders'…

Q: Under the transaction of a cheque between two parties, an issuer is called: a. Payee b. Endorser c.…

A: Option d is correct.

Q: When one owner or creditor sells to another, the transaction takes place in the which market?…

A: Financial Market is a place where the trading of securities take place. There are major two types of…

Q: What is Form of payments

A: Payments are the consideration paid for buying goods or for receiving services. Goods include…

Q: Define what "accrual" AJE transactions are.

A: Journal entries are made in the books of account to record the financial transactions of a business.…

Q: Display graphically and explain the mechanism of settlements by payment orders

A: Settlement by payment order is a process in which the bank transfer funds immediately with no…

Q: Differentiate a “deposit" and a “deposit substitute"?

A: Deposit is the amount of customer money which is held by bank or other institution. Deposit…

Q: Which steps should be followed to set up the different types of payments accepted from clients?

A: Payments from clients refers to the term that implies that when a customer buys some product or…

Q: Give a detailed answer to the theoretical question Display graphically and explain the mechanism of…

A: Bills of exchange indicate a written agreement stating the obligation of one party to pay the due…

Q: Trade and other payables includes what?

A: The balance sheet is the financial statements of the business that show the assets and liabilities…

Q: Distinguish between substantive tests of transactions and tests ofdetails of balances. Give one…

A: Distinguish between substantive tests of transactions and tests of details of balances.

Q: Explain payment date

A: Whenever firms have the excess cash, either they can distribute it as dividend or can retain that…

Q: How are refundable deposits and customer advances similar? How do they differ?

A: Refundable Deposits: Refundable deposits are that money in advance offered by the customer. It is a…

Q: Identify the following users as either external users (E) or internal users (I). Lenders

A: Accounting users: Accounting users are the persons, who use accounting information for investment…

Q: types of even... Transactions include which two types of events? Multiple Choice Monetary events and…

A: An accounting event refers to a transaction that is perceived in the financial reports of a…

Q: what is the difference between secured transactions and unsecured transactions

A: Secured transactions are the transactions which are supported by collateral or any other security.…

Q: Identify differenttypes of paymentsystems

A: A payment system is used to settle financial transactions by transferring the monetary value. The…

Q: what is the Credit for partial payment knowing that information?

A: Trade discount: Trade discount can be defined as the deduction provided by the manufacturer or the…

Q: Endorsement

A: Introduction: The process of signing at the back of a check when it is received from someone before…

Q: Give a detailed answer to the theoretical question:  Display graphically the mechanism of…

A: Cheque is a written  instruction issued by the bank to its customers. These piece of paper have the…

Q: What are the methods of payment in international trade? Please Explain and use a diagram in order to…

A: International trade means the transfer of capital, goods, and services across international borders…

Q: uestion, the unilateral transfer is stated as a debit, but in the calculation for the answer, it is…

A: Balance of Payments is nothing but the record of the economic transactions of the residents of a…

Q: difference between Trade Payable and Other Payable with relevant examples

A: Trade Payable and Other Payable are current liabilities of a business to be payable within one…

Q: What is off-exchange transaction?

A: The answer is provided in the next step.

Q: Define clearing (payment process)

A: Checks: Checks refer to the written document which is dated and signed which directs a bank to pay a…

Mortgages

A mortgage is a formal agreement in which a bank or other financial institution lends cash at interest in return for assuming the title to the debtor's property, on the condition that the obligation is paid in full.

Mortgage

The term "mortgage" is a type of loan that a borrower takes to maintain his house or any form of assets and he agrees to return the amount in a particular period of time to the lender usually in a series of regular equally monthly, quarterly, or half-yearly payments.