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What requires creditors to provide borrowers with a complete written account of credit terms and cost?
Wiki User
∙ 11y ago
Truth in Lending Law
Wiki User
∙ 11y ago
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Can creditors account have debit balance?
creditors have debit balances as advances receive from creditors..........
What type of account is the sundry creditors?
sundry creditors is a personal account. the rule applying would be debit the reciever, credit the giver
Format for Debtors control account and creditors control account?
debtors
What is the methods of internal control account debtors and creditors?
ahshshj
What are advantages to creditors in case of note receivable than ordinary account receivable?
what are advatages of note receivables discounted to creditors
Can creditors account have debit balance?
creditors have debit balances as advances receive from creditors..........
What type of account is the sundry creditors?
sundry creditors is a personal account. the rule applying would be debit the reciever, credit the giver
Format for Debtors control account and creditors control account?
debtors
Can creditors take a lien on your bank account?
NO!
Can creditors garnish my savings account?
Yes
How do you find the amount that i owe each account on an account payable?
Contact your creditors.
What is the methods of internal control account debtors and creditors?
ahshshj
What are advantages to creditors in case of note receivable than ordinary account receivable?
what are advatages of note receivables discounted to creditors
Does the stimulus package include a clause which requires creditors to lower rates for qualifying account holders?
If you are referring to mortgage creditors and to the home loan modification and refinancing schemes of the stimulus package, may I refer you to the FAQ section of the MakingHomeAffordable web site. The creditors are not required to modify loans. Loan modification is voluntary on their part. They are just being encouraged by the government to modify loans; that's why the program is giving out incentives of $1,000 per loan modified, plus additional incentives if the borrower keeps up with the payments. If the bankruptcy reform is later passed by the Senate this month or next month, then lenders could be forced to modify loans for borrowers in bankruptcy.
Where do creditors go on a profit and loss account?
Creditors do not typically appear on a profit and loss account. A profit and loss account only includes revenue, expenses, and net profit or loss. Creditors are typically listed on a company's balance sheet under current liabilities, which reflects the amount owed to them at a specific point in time.
A credit to a liability account?
indicates an increase in the amount owed to creditors.
What journal entry we make when proprietor paid to creditors from his personal account?
Sundry creditors a/c dr to proprietors personal a/c cr
