Merchants who accept card payments through a point of sale (POS) system may find themselves in the position of running a force pay debit transaction - triggering a force pay debit memo. A force pay ...

Accounting is the practice of recording a company’s financial transactions. To do this, it relies on two fundamental records: credit and debit in accounting. The ladder, a debit, is a journal entry ...

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Dr. JeFreda R. Brown is a financial ...