Delete Payment Field from the Collateral Debenture and eSign it in minutes

Aug 6th, 2022
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How to Delete Payment Field from the Collateral Debenture

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okay lets get started so in this video were going to review how to delete a received payment that has been deposited in QuickBooks online so if you try to delete a received payment that has been deposited youre going to receive an error message so lets get started lets go to sales and customers Im gonna Im gonna select Amys bird sanctuary as an example youre going to select a customer that you want to deal with Im going to open the payment so here I have a receive payment and if I go to more and delete yes Im going to receive this error message so what we want to do is review the deposit if you see underneath the name it says deposit amount of 220 was deposited on X date click on the date and now we have the deposit that the receipt payment is linked to so we have two options once we get here number one you can unselect it and because this is the amount that we want to work on and as you can see it reduces the amount from 868 to 648. now if you have to correct multiples I wo

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Collateral security refers to an additional layer of security over and above the primary security. It is seen in case of company taking a loan from a financial institution, in such cases, company issues debentures which are additional security or collateral security.
When it pays the loan on the due date, the lender immediately releases the main security and these debentures. In a case where the company is unable to repay the principal amount and the interest on the loan on the due date, the lender becomes the holder of these debentures.
The credit facilities granted to the customers of the bank under a credit line can be backed by the securities that the customer offers as collateral. You can maintain the details of all such securities in the LCM module. These details can then be used for determining the: Limit granted under a particular security.
In case of issue of debentures as collateral security, the effect in the Balance Sheet is nullified because balance of Debenture Suspense Account is deducted from Debentures Account.
Collateral security is any other security offered for the said credit facility. For example, hypothecation of jewellery, mortgage of house, etc. Example: Land, Plant Machinery or any other business property in the name of a proprietor or unit, if unencumbered, can be taken as primary security.
Collateral security refers to an additional layer of security over and above the primary security. It is seen in case of company taking a loan from a financial institution, in such cases, company issues debentures which are additional security or collateral security.

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