If you are looking for the answer of who issue credit note, you’ve got the right page. We have approximately 10 FAQ regarding who issue credit note. Read it below.
who is the financial professional who is accountable for generating
Ask: who is the financial professional who is accountable for generating and issuing invoices and credit memos
A.accounting clerk
B. Billing clerk
C. Inventory clerk
D. Requisition clerk
Answer:
- B.
Explanation:
- A billing clerk is a financial professional who is accountable for generating and issuing invoices and credit memos. Most accountants start out their careers as billing clerks, according to the Bureau of Labor Statistics.
A team bought P65,000 worth of delivery tractor to ANZAC
Ask: A team bought P65,000 worth of delivery tractor to ANZAC she gave P15,000 down payment and issued a P3,000 promissory note and promised to pay the balanced in 30 days . A.Debit-Purchases Debit-cash Credit-Accounts Payable B.Debit-Purchases Credit Cash C.Debit-Purchases Credit-Accounts Payable Credit-Cash D.none of the above
Answer:
Debit- purchase
Credit cash
Credit account payable
When a zero-interest bearing note is issued, the note payable
Ask: When a zero-interest bearing note is issued, the note payable account will be credited for the present value of the maturity value?
Answer:
The interest rate written in the terms of the bond indenture is called the effective yield or market rate. When a zero-interest bearing note is issued, the note payable account will be credited for the present value of the maturity value. The stated rate is the same as the coupon rate.
FEB 1 – Dr. Paul borrowed P420,000 from her father,
Ask: FEB 1 – Dr. Paul borrowed P420,000 from her father, issuing PERSONAL promissory note. Dr. Paul eventually invested this money in the business. Choose the correct entry combination *
A.Debit: Paul Capital P420,000 Credit: Cash P420,000
B.Debit: Cash P420,000 Credit: Notes payable P420,000
C.Debit: Notes payable P420,000 Credit: Cash P420,000
D.Debit: Cash P420,000 Credit: Paul Capital P420,000
Answer:
a
Step-by-step explanation:
because when you use a debit card, the funds for the amount of your purchase are taken from your checking account in almost real time. When you use a credit card, the amount will be charged to your line of credit, meaning you will pay the bill at a later date, which also gives you more time to pay.
FEB 1 – Dr. Paul borrowed P420,000 from her father,
Ask: FEB 1 – Dr. Paul borrowed P420,000 from her father, issuing PERSONAL promissory note. Dr. Paul eventually invested this money in the business. Choose the correct entry combination *
A.Debit: Paul Capital P420,000 Credit: Cash P420,000
B.Debit: Cash P420,000 Credit: Notes payable P420,000
C.Debit: Notes payable P420,000 Credit: Cash P420,000
D.Debit: Cash P420,000 Credit: Paul Capital P420,000
Answer:
C
Explanation:
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What is a short-term, unsecured promissory note issued by firms
Ask: What is a short-term, unsecured promissory note issued by firms with a high credit standing. these notes are primarily issued by commercial finance companies?
Answer:
Yes
Explanation:
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Credit or debit?1.Borrowed money for finance company issuing promissory note.
Ask: Credit or debit?
1.Borrowed money for finance company issuing promissory note.
credit Po Yan
hope it helps
Answer:
1. Debit
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distinguish between a credit note and debit note
Ask: distinguish between a credit note and debit note
Answer:
To put it simply, the difference between credit and debit note is that in credit notes you record money that you owe to a client due to a downward revision in an invoice and in debit notes you record money that a client owes you due to upward revision in an invoice.
Bank issue two kinds of credit: secured credit and unsecured
Ask: Bank issue two kinds of credit: secured credit and unsecured credit, define and give example of each.
Answer:
A secured credit card is a credit card that is backed by a cash deposit, which serves as collateral should the cardholder default on payments.
Example:
Credit Repair Credit Cards
Debt Relief Personal Loans
Unsecured credit cards are the most common type of credit cards. They are not secured by collateral. That means that unlike secured loans, such as mortgages or auto loans, unsecured credit cards are not directly connected to property that a lender can seize of the cardholder fails to pay.
Examples:
Credit cards, student loans, and personal loans are examples of unsecured loans.
Explanation:
hope it helps
The business can also raise its funds by issuing a
Ask: The business can also raise its funds by issuing a promissory note.The correct journal entry is
A. debit-cash credit -account payable
B. debit- note payable
C. debit – cash credit -loan payable
D. none of the above
Answer:
D
Step-by-step explanation:
It should be, Debit-Cash and Credit—notes payable, since the transaction was promissory note.
Not only you can get the answer of who issue credit note, you could also find the answers of FEB 1 –, The business can, What is a, A team bought, and Bank issue two.
