For example, a score of 40 would include a note to say that the company is ‘creditworthy’, but it would be highlighted red, which would show that the score does need improvement. Generally speaking, credit ratings above 60 are seen as being more reputable, and therefore safer to do ...
What does “proof reading” mean?A 证明阅读.B 校对.C 证明读物.D 证明在读.20. What is TRUE if at the procedure to submit a paper?A Usually we submit the entire manuscript to a c 20、onference or journal.B All conferences require you to submit the abstract first, from which the ...
If the company does not pay early, the entry is: Accounts Payable: $980 Purchase Discounts: $20 Cash: $1,000 Purchase discounts is a contra account to purchases but increases purchases if not paid early. What is the Gross Method for Trade Credit Accounting? Record the invoice amount and ...
When it comes to conducting business transactions, credit terms play a crucial role. One commonly used credit term is “2/10, N/30.” But what exactly does this term mean? In this article, we will dive into the world of credit terms and explore the meaning behind “2/10, N/30.” U...
Key Finance Terms Asset: An asset is something of value such as cash, real estate, or property. A business may have current assets or fixed assets. Balance sheet: A balance sheet is a document that shows a company’s assets and liabilities. Subtract the liabilities from the assets to find...
(1)What does the personal account of a credit card mean? The credit card, including International Card, Debit card and credit card, has such functions as transfer, settlement, cash saving and withdrawal and credit consumption. Therefore, if one possesses the peony credit card, one will possess...
What Does AA+ Mean? The AA+ rating is issued by S&P and Fitch and is similar to the Aa1 rating issued by Moody's. This rating, the second highest, is still of high quality but falls below the AAA ranking. S&P says AA+ differs from AAA "only to a small degree" and indicates the...
What does debit memo mean on a bank statement? What is a credit? What is a purchase allowance? Where do credit card payments get recorded? What is a letter of credit? Related In-Depth Explanations Accounts Receivable and Bad Debts Expense Bank Reconciliation Bookkeeping Mark the ...
What does cover mean in bidding bonds? What is an example of a statement of financial position? What does foreclosure mean? Define credit union What is a personal statement of financial position? What does a single payment mean? Money your company has in the bank is called what?
Charge-off:If a borrower fails to make payments for a prolonged period, usually six months or more, the creditor may charge off the debt. A charge-off does not mean the debt is forgiven but rather that the creditor considers it unlikely to be collected. ...