Accounting articles

How Do I Cash in My Bearer Bonds?

How Do I Cash in My Bearer Bonds?Instead, a bond registrar -- a person or agency that maintains records of ownership and provides transfer services -- uses computerized records to establish ownership. A bearer bond, on the other hand, is issued in th... Read more

Activity Cost Driver Definition

Activity Cost Driver DefinitionHow Batch-Level Activities WorksCost pools are commonly used for the allocation of factory overhead to units of production, as required by several accounting frameworks. They are also used in activity-based costing to a... Read more

How do overdrafts work?

How do overdrafts work?Overdrafts are available for as long as the bank authorises them, and for as long as you pay the fees and charges that they incur. Current accounts now have a Monthly Maximum Charge (MMC) in place, which is the maximum amount y... Read more

Bank errors — AccountingTools

Bank errors — AccountingToolsScammers could try to get such data from inexperienced people selling goods online. Moreover, if criminals can contact their victims, they could pretend to represent the bank. Therefore, it is crucial to know, people who... Read more

Why is a debit a positive?

Why is a debit a positive?Understanding an Account BalanceCredits actually decrease Assets (the utility is now owed less money). If the credit is due to a bill payment, then the utility will add the money to its own cash account, which is a debit bec... Read more

How many types of account in bank?

How many types of account in bank?Customers may also check other details such as last five transaction details and Cheque status enquiry using the above mentioned numbers. A bank account is a financial account, which stores money on behalf of a custo... Read more