Trending February 2024 # Accounts Payable Credit Or Debit # Suggested March 2024 # Top 8 Popular

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Introduction of Accounts Payable Credit or Debit

The account payable can be defined as the amount that the business owes to its suppliers, customers, and creditors and generally is classified as a liability account. Therefore, whenever a business purchases items on credit, it would increase the value in the account payable, and hence the account payable would be credited. However, when the business repays the payable amount, it decreases the account payable account, and there would be a debit in the account payable account.

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Why are Accounts Payable Credit or Debit?

Therefore, the account payable is regarded as a liability account. Any increase to the amount of account liability would be credited, and any decrease in the amount of the accounting liability would be debited. Hence, whenever a business buys items or raw materials from suppliers and creditors on credit, it owes them the corresponding amount. This would increase the balance of the account payables, wherein to record such transactions, there would be a credit to the account payable liability account. Similarly, whenever a business repays the amount owed on purchasing items or raw materials from the suppliers and creditors on credit, the business has paid the corresponding liability. To decrease the balance of the account payables, the company reduces the corresponding amount and records the transaction by debiting the account payable liability account. This is why an account payable is a credit or debit. It is purely a recording of transactions happening in line with the account.

Examples of Accounts Payable Credit or Debit

Following are the examples are given below:

Example #1

Let us take the example of ABC company. The ABC company has approached the supplier to take up some raw materials on credit. The raw materials would be worth $1,000 as the cost to the business. The business commits to return the amount to the supplier within one month.

Solution:

Solution:

Example #2

Solution:

Solution:

Recording of Accounts Payable Credit or Debit

Whenever the business pays back to the vendor, it would decrease the account payable account, resulting in a debit in the account payable account. Once the account payable is debited, there will be a corresponding credit to the cash account.

Conclusion

The account payable is a liability account that accounts for the amount a business generally owes from its suppliers. The suppliers may sell the raw materials to the business on credit. The company records any increase in the account payable account as a credit in the account payables and signifies any decrease in the account payable account as a debit. Whenever there is a decrease in the account payable, it signifies that the business has paid its dues to the suppliers. Similarly, an increase in the account payable would signify an increase in the amount payable to the supplier and the amount owed by the business. It is to be further noted that the account payable and trade payable are used in correspondence to one another but basis the situation; the treatment may differ.

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How To Hide Instagram Posts Or Stories On Iphone Without Unfollowing Accounts

Instagram has rolled out a silent update, which allows users to hide Instagram posts and stories or both without unfollowing accounts (your friends and colleagues). Earlier, this feature was available on Instagram, but you could only mute stories and not posts. Moreover, there was a slightly different method to mute and unmute stories. In its latest update, Instagram has made it easier for users to mute or unmute posts, stories or both.

Make no mistake; the current tutorial is not about hiding Instagram stories from someone on iPhone. Instead, you hide posts of other contacts so that you can avoid those boring contents shared on Instagram feed. This feature is useful as you can prevent yourself from consuming uninteresting posts/stories without unfollowing some accounts; thus, it helps you maintain a healthy relationship with users you are connected to on Instagram.

How to Mute Instagram Posts, Stories Or Both on iPhone Without Unfollowing Accounts

Step #1. Launch Instagram on your iPhone.

Step #2. Next, scroll down/up to find the post/story you want to mute or hide.

Step #3. Now tap on three horizontal dots (…) seen at the top right corner of the post.

Step #4. A menu will swipe up with some options. These options are Copy Link, Turn On Post Notifications, Report, Mute, and Unfollow.

Many users disable “Allow Sharing” option in Story Controls from Settings. This prevents you from sharing their stories or posts on Facebook, WhatsApp or Messenger. Tap on Mute.

Step #5. A pop-up appears on your iPhone or iPad with three options: Mute Posts, Mute Posts, and Story, and Cancel. You can select any one option. Even if you select Mute Posts or Mute Posts and Story, your friends on Instagram won’t be able to know of this action of yours.

Alternatively, you can go to the particular profile and tap on three horizontal dots from the top right corner.

This will bring up many options, including the option to mute posts and stories. When you tap on Mute, you will be prompted to Mute Posts, Mute Story, and Mute Posts and Story both.

Using yet another option, you can tap and hold the profile icon from the Instagram tray and mute the posts and story of an account.

In the future, you can unmute Instagram accounts you have muted earlier. However, you need to remember who you have muted as you need to search those accounts tapping on the search icon (magnifying glass) from the bottom menu. If you have frequently seen the posts or stories of a muted account, it will be shown under Recent or Suggested tabs when you tap on the search icon.

Step #1. Open Instagram and tap on Search icon from the bottom menu.

Step #2. Now search for the account you want to unmute and tap on profile icon.

Step #3. Once the account appears, tap on the three horizontal dots (…) from the top right corner.

Step #4. From the options appear from the bottom, tap on Unmute. This will show you three options: Unmute Posts, Unmute Story, and Unmute Posts and Story. You can tap on any one of the options.

That’s all folks!

Summing up…

It is not necessary to watch the posts or stories of accounts you are following on Instagram. Muting or hiding posts is a useful feature updated by Instagram.

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Further reading

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40+ Free Steam Accounts With Games

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If you didn’t get the verification email, check your junk/spam inbox.

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Is Steam free?

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If you’re unable to sign in to an account, its password is most likely changed.

The accounts above are frequently updated, so you can check back in a few days for new ones.

If you’re looking for another way to get free Steam games, you can visit steamunlocked.net.

Steam Unlocked is a website that contains free Steam games that you can install.

Alternatively, you can torrent games for free from The Pirate Bay.

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Further reading

50+ League of Legends Codes

40+ Free Spotify Premium Accounts

40+ Free Fortnite Accounts (Email and Password)

Explaining The Tech Behind Credit Card Processing

The technology behind credit card processing is really incredible, and has made our lives so much more convenient in the digital age. No cash on hand for a taxi? Add your credit card to a ride-sharing app like Grab or Uber. You don’t even need to carry your physical card anymore, with MST (magnetic secure transmission) strips in modern smartphones utilized by apps like Samsung Pay,

The web of connections

A bankcard network will conduct billions of transactions between customers, merchants, processors and banks, in mere seconds. The merchant’s terminal software (payment gateway) passes the transaction information to the processor, and the processor asks for authorization from the issuing bank. The bank grants the approval through the card network, back to the processor, which passes the approval through the merchant’s terminal. This is fairly similar to the process used for approving or denying an

Clearing and settlement

So now that you know how the transactions take place between the various pathways, let’s examine the second part of credit card processing – this is clearing and settlement. Settlement is when the merchant sends a

Processing fees and funding

As mentioned above, processors will deposit funds from card sales into the merchant’s bank account, but it depends on the processing company how fees are deducted and when funds are deposited. In most cases, processors will provide next day funding, but typically with the requirement that the merchant batch all of their transactions before a cutoff time (business days). A processor can also hold funds if there is an investigation pending into a transaction, such as suspected fraud activity.

The technology behind credit card processing is really incredible, and has made our lives so much more convenient in the digital age. No cash on hand for a taxi? Add your credit card to a ride-sharing app like Grab or Uber. You don’t even need to carry your physical card anymore, with MST (magnetic secure transmission) strips in modern smartphones utilized by apps like Samsung Pay, Google Pay, PayPal, and other mPOS systems (mobile point of sales). With all of this digital convenience, it’s easy to overlook the complexity behind credit card processing. In this article, we’re going to give a brief overview of how credit card processing works. For more information on the process, you can learn about credit card processing services like Merchant One.A bankcard network will conduct billions of transactions between customers, merchants, processors and banks, in mere seconds. The merchant’s terminal software (payment gateway) passes the transaction information to the processor, and the processor asks for authorization from the issuing bank. The bank grants the approval through the card network, back to the processor, which passes the approval through the merchant’s terminal. This is fairly similar to the process used for approving or denying an online credit card application . This sounds like a fairly straightforward pathway, but it’s a little more complex than that. First, there is a difference between acquiring banks (merchant’s banks) and issuing banks (cardholder banks). The merchant’s bank is a registered member of the card associations (Mastercard and Visa), and provides merchants with the equipment and software for accepting card transactions. This applies to e-commerce websites as well as physical retail stores. The cardholder bank is an issuing bank that grants credit cards to consumers, and is also a member of the card associations. Issuing banks pay the merchant banks for purchases that the issuing bank’s clients make, and the cardholder is then responsible for paying their issuing bank. The card associations Visa and Mastercard aren’t banks, acquiring or issuing. Visa operates the VisaNet network, whereas Mastercard uses Banknet. The card associations basically function as governing bodies of financial institution communities, like ISOs (independent sales organizations) and MSPs (member service providers). The card association governs the members, such as by setting interchange fees, qualification guidelines, improving the card network, and acting as an arbiter between issuing and merchant chúng tôi now that you know how the transactions take place between the various pathways, let’s examine the second part of credit card processing – this is clearing and settlement. Settlement is when the merchant sends a bunch of authorizations to the processor, usually once daily. The processor will forward these authorizations over to the card association networks, while depositing the funds from those sales into merchant’s bank account (while deducting any processing fees). The merchant is no longer involved in the process after this step. Now the credit card network will pay the merchant bank and debit the cardholder’s account, and the cardholder will pay it (i.e. monthly bill).As mentioned above, processors will deposit funds from card sales into the merchant’s bank account, but it depends on the processing company how fees are deducted and when funds are deposited. In most cases, processors will provide next day funding, but typically with the requirement that the merchant batch all of their transactions before a cutoff time (business days). A processor can also hold funds if there is an investigation pending into a transaction, such as suspected fraud activity. As for fee deductions, there are two main methods. The first is daily discounting, which means the processor will deduct their fees each day before funds are deposited. The merchant receives the net sale amount, after fees. The second method is monthly discounting, where the processor will deduct fees for an entire month of transactions once per month, but still deposit funds daily.

How To Merge Two Macos Accounts Into One

If you have two user accounts on macOS and want to merge them into one, a simple solution would be to first back up the data of one account, then delete it. macOS doesn’t offer any simpler way to merge two accounts. This tutorial shows how to back up and archive the data of one account, move it over to the other account, and lastly, merge the two macOS accounts together.

Export Your Data

The method we are using to merge both accounts relies on merging the local files present on the system. All the local files present in a user’s Home folder are saved in a disk image, which can be accessed on the new account. Since the local files do not include any app backups, you’ll need to export this data separately.

If you don’t use iCloud Sync, you can create an Apple ID and sync all data with it. If you do this, log in to the iCloud account on your other account, which will allow you to access your data.

You can also choose to export the data from the specific apps:

Merging Two Accounts Into One

This method will merge the data of both accounts into one by deleting the old account and saving its data in a disk image. Hence, it is recommended to make another backup of the data, either on Time Machine or on a local drive before proceeding. This is to ensure that you don’t lose any data unintentionally.

In the newer account (the one you want to keep), open System Preferences on your Mac. Later versions of macOS label the System Preferences app as “System Settings.”

Image source: Apple

If you’re using a newer version of macOS, select the red “Delete Account …” button.

macOS will ask how to proceed. Select “Save the home folder in a disk image.” Make sure you choose the disk image option to give you access to the files in it.

Locate a Deleted User’s Data Frequently Asked Questions Can I mount a disk image using Windows 11 to transfer my macOS data to a PC?

Yes. However, you will need a third-party app like DMG Extractor to extract the user data from the disk image file. Disk image file extensions are native to macOS. If you are making the switch to PC, be sure to discover our tips for macOS users switching to Windows.

When combining data between two users on the Mac, how can I locate specific files?

Oftentimes you may only want to combine a portion of the user data from one Home folder before you migrate it to another user’s Home folder. If you know the name of the file you are looking for within a user’s Home folder, you can launch Terminal in the current folder to pinpoint specific data.

How do I reveal hidden files in a user’s Home folder before combining the user data into one account?

If you’re having trouble locating some of the files from the deleted user account, you can access the Home folder using the Terminal app to manage the visibility attributes of files and even add/remove hidden file flags. Read on to learn how to unhide files inside a user’s Home folder.

Image credit: Kaitlyn Baker via Unsplash All screenshots taken by Brahm Shank

Brahm Shank

Self-proclaimed coffee connoisseur and tech enthusiast Brahm Shank is captivated by the impact of consumer tech: “It’s profoundly moving when people discover that the phone in their pocket or the tiny computer on their wrist has the power to enrich their lives in ways they never imagined.” Apple, Inc. and its unique position at the intersection of technology and the creative arts, resonates deeply with Brahm and his passion for helping people unleash their potential using technology. Over the years, Brahm has held various podcasts – including famed technologist David Pogue of The New York Times on topics such as Big Tech and digital wellness.

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