Agreement Accounts Receivable With Credit Card In Dallas
Description
Form popularity
FAQ
If you are looking for information specific to your account, contact the bank or institution that issued your card. By law, the issuer must make your agreement available to you upon request.
Existing Cardmembers Get a copy of your agreement mailed to you by initiating a request below. Log In to Request Your Agreement. or call 1-800-DISCOVER.
A credit card agreement is defined as the written document or documents evidencing the terms of the legal obligation, or the prospective legal obligation, between a card issuer and a consumer for a credit card account under an open-end (not home-secured) consumer credit plan.
What Is a Cardholder Agreement? A cardholder agreement is a legal document outlining the terms under which a credit card is offered to a customer. Among other provisions, the cardholder agreement states the annual percentage rate (APR) of the card, as well as how the card's minimum payments are calculated.
Creditors should give you a copy of your credit agreement. If you have lost it or you are unsure whether the creditor gave you a copy, you can ask for one.
If you are looking for information specific to your account, contact the bank or institution that issued your card. By law, the issuer must make your agreement available to you upon request.
Already have a ® credit card? Log in to Online Banking and request a copy of your Credit Card Agreement. If you still have questions, contact one of our associates at 800.932. 2775.
Credit Cards as Liabilities The balance owed on a credit card can be treated either as a negative asset, known as a “contra” asset, or as a liability. In this article we'll explore the optional method of using liability accounts, however, there are several advantages to using the Contra Asset Approach.
Therefore, when a journal entry is made for an accounts receivable transaction, the value of the sale will be recorded as a credit to sales. The amount that is receivable will be recorded as a debit to the assets. These entries balance each other out.
