Why is it important to choose checking and savings account that suits you best?

Q: What is a bank account?

A: The  bank account means a financial account which is maintained by a bank on behalf of its…

Q: Investigate the procedures in your financial institution in granting credit cards and the possible…

A: The procedures in my financial institution (it is a bank) in granting credit cards are discussed…

Q: How do sellers benefit from allowing their customers to use credit cards?

A:

Q: Banks? Banking Online? Is Banking Safe?

A: We can define financial institution as those institutions which help in the transfer of funds from…

Q: Where should you go to set up a new bank feed or link to a bank account in a client's QuickBooks…

A: Quickbooks is software used for recording accounting transaction especially by small business…

Q: Is granting credit to customers good? And as a future business owner how would you handle or manage…

A: Explanation to Credit When products are sold to customers on credit and customers agree to pay the…

Q: How are sales to customers using credit cards recorded?

A: Net sales means the amount of revenue earned and cost of goods sold means the cost of goods which…

Q: Explain the difference between how you would characterize bank deposits and loans as assets and…

A: Balance sheet: This financial statement reports a company’s resources (assets) and claims of…

Q: Why it can be risky to provide credit card information over email/internet? Do you think, using a…

A: Answer: There is advancement of technology in todays world and there is scam and phishing. It can be…

Q: What is credit history? A record of a person's borrowing and repayment activity used to calculate…

A: Credit history checks if the borrower has been responsible with the debt payments or not. It checks…

Q: When selecting a financial institution, you should consider: (select all that apply) fees for…

A: Financial institutions are the entities providing financial services in the nature of accepting…

Q: When can we used credit union?

A: Credit unions are the institutions or co-operatives that give banking services. These unions are…

Q: what is the basics of banking and discuss the various type of deposits

A: A bank is a sort of financial entity that may accept deposits and lend money. Banks may provide…

Q: Write in your own words which type of bank account would you like to open and explain why .

A: A Bank generally offers either time deposit accounts or a demand deposit account, Time deposit…

Q: it important to keep a record of credit card numbers separate from the cards?

A: Step 1 Information can be stolen, and usually, almost anywhere you do business. Most people are…

Q: If you want to ensure that your money will be secured if Cheques sent are wasted in the post, you…

A: Cheques are negotiable instruments against which cash can be received. By crossing a cheque, the…

Q: In sap, Which of the following outgoing payments will not require manual entry of bank account? a.…

A: A financial transaction is an agreement or communication between a buyer and a seller to exchange…

Q: Which are liabilities to a bank? Select one: O a. Vault cash and demand deposits O b. Demand and…

A: Liability is something a company owes to someone else. It is usually a monetary value.

Q: How do banks use your credit reports? Sight an example to illustrate the answer

A: Answer: As per Q/A guidelines, first question has been answered. please repost remaining questions…

Q: Debit

A: Lost or stolen debit or credit both can cause problems. However the problem is more with the debit…

Q: Why are credits and debits different for banks compared for personal finance usage?

A: In personal account, all expenses, assets, and losses will be debited. All incomes, liabilities, and…

Q: Choose the correct answer: 5. Which of the following is considered effective? a. Certificates of…

A: Money Market Checking Accounts: A money market account, sometimes known as a money market deposit…

Q: how can using a mix of Accounts Receivable, Notes Receivable and accepting Credit Cards can benefit…

A: Answer: Accounts receivables, notes receivables and accepting credit cards are three different modes…

Q: Why might a business prefer a note receivable to an account receivable?

A: An account receivable is a simple promise to repay the seller done by customer which is due as a…

Q: What types of conveniences should you look for in a savings account?

A: Saving Account: A savings account is a basic type of bank account that permits you to deposit cash,…

Q: desrcibe credit card security and why its imporant

A: Credit Card Security: A form of credit card known as a secured credit card is one that requires the…

Q: Explain book debits and book credits, bank debits, and bank credits. What is proof of cash and its…

A: In books, all the debits and credits are related to assets, liabilities, revenue, and expenses.…

Q: Determine the process to create an bank account?

A: The bank is the financial institution which accepts deposits from the customer and provides credit.…

Q: To deposit money in your business's bank account you should use O A cheque book O A bank statement O…

A: The Question has covered the concept of Cheque book, deposit slip, withdrawal slip, bank statement.…

Q: Investigate the procedures in your a bank of your choice, in granting credit cards and the possible…

A: Financial institution: A financial institution exists to offer a wide range of deposit, lending, and…

Q: Suppose you are working in a bank that encourages customers to save money for their future. Your…

A: Answer: There are various types of account that are opened by bank and the same depend on the size…

Q: What is a bank statement and discuss the importance of a bank statement to a depositor.

A: solution bank statement                 Bank statement is a statement generated by the bank which…

Q: Discuss the different types of banks deposits in respect to features, interest, cost, withdrawals,…

A: The question is based on the concept of different accounts offered by a bank. Bank accepts deposits…

Q: Why is it important to pay off a credit card on time

A: A credit card helps to borrow a certain amount for a definite period. Credit cards grants loan to…

Q: Differentiate savings account from a current or checking account.

A: A bank is an institution that deals with money and credit. It accepts deposits from the public,…

Q: A checking account is: OPTIONS: an asset to a commercial bank. a liability to a commercial bank. an…

A: A checking is a bank saving account which is opened with a commercial bank by a customer. He can…

Q: of bank account

A: Answer: Bank accounts are mainly opened to make easier payments and receipts worldwide. Types of…

Q: what happen to the account if the owner pay trade payable using own personal bank?

A:

Q: Describe methods of calculating Interests on Your Credit Cards?

A: A card that is generally issued by the banks that helps the person to borrow the money up to the…

Q: ould be recorded using the Bank Deposit form?

A: Transaction types should be recorded using the Bank Deposit form are :  A. Cash received from loans.…