WebApr 29, 2024 · Whereas “credit card post date” refers to transactions you make, such as purchases, balance transfers, or cash advances, the payment posting date corresponds to when and how your credit card payments are applied to your account. The policies surrounding the two dates may be very different. Credit card payments may be posted … WebApr 29, 2024 · The credit card post date is the date a transaction is applied to your account balance. In other words, it's when the card issuer has processed the transaction and …

A credit sale of Rs 1,000 to Santhanam has been wrongly passed …

WebJul 30, 2016 · This can be a tricky question, because every bank has its own way of handling such situations. When a charge is "pending", it means the bank has issued a temporary authorization to a merchant for a charge, but the charge itself hasn't yet been posted.Sometimes that can take several days, during which the charge still shows as … WebThe general rule is , if the goods are going out of the bussiness at cost price , then purchase account should be credited. 4. End of the year, when the balance in purchae … nayna mcintosh hope fashion

Credit Purchase and Cash Purchase Journal Entry

Web1. Andrea invested $14,000 cash in the business in exchange for common stock. 2. Andrea contributed $25,000 of photography equipment to the business in exchange for common stock. 3. The company paid $2,600 cash for office furniture. 4. The company received $6,200 cash for services provided during January. 5. WebAt the end of the period, we would post the totals of $7,650 credit to cash, the $7,500 debit to accounts payable, and the $150 credit to merchandise inventory. The DR (debit) … WebThe company paid $7,600 for salaries for the month of March. The company provided $4,400 of services to customers on account. The company paid cash of $1,900 for … mark\u0027s mattress outlet reviews