Bank Debits: What are They, How They Work, Example

This occurs instantaneously when you swipe your card or enter it on a website to make an online purchase. It functions the same way as a checking account but indicates that you are a partial owner of the credit union. A way to deposit checks into your bank account...

What Is a Contra Account? The Motley Fool

As mentioned, a company will usually have debit balances in its asset accounts. Contra Equity Account – A contra equity account has a debit balance and decreases a standard equity account. Treasure stock is a good example as it carries a debit balance and decreases...

Cash EE or I savings bonds

A callable bond gives the issuer the right to pay back the debt before the set maturity date. It’s often done when interest rates drop, allowing the issuer to refinance at a lower cost. Savings bonds can be a good investment if you prioritize safety and security over...

How to Manage the Accounts Payable Process

Just like a fuel system supplies the engine with a steady flow of gas to keep it running, accounts payable manages the flow of invoices and payments in and out of your business. Once this is complete, you can begin the process of entering the invoice information,...
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