Your Ultimate Remittance Slip Example for Hospitality

Remittance slip example for Hospitality

let's talk about why payment coupons also known as remittance transfers should or can be used to discharge your debts this is for educational purposes only I'm only going to go over the material that I've come across over the years book reference coupons are interest and dividend certificates also those parts of a commercial instrument which are to be cut and which are evidence of something connected with the contract mentioned in the instrument they are generally attached to certificates of loan where the interest is payable at particular periods and when the interest is paid they are cut off and delivered to the payer so just like whenever you buy stock in a publicly traded company you get what's called dividends over a certain period of time whether it be monthly semi-annually or whatever so whenever you get a monthly statement which is misconstrued as a bill what they're telling you is that this is the amount of credit that we borrow from you and so whatever amount that is they give you a check or a coupon in whatever amount that coupon is the dividends that they owe you book reference coupon from the French word Cooper that means to cut literally a piece cut off so my so-called water bill it says payment coupon please fold on Preparation before tearing off and they always send you an envelope for you to return that bottom portion a coupon is a warrant for the payment of Interest it is usually attached to a bond or debenture and requires to be cut off when the time has arrived for its presentment for payment coupons are not credited to a customer's account until an advice of the amount realized has been received this custom has been adopted because of the differences which often arise in the deduction of the income tax where the coupons are payable either in this country or abroad the customers instructions should be taken as to whether he wishes them to be sold or collected check this out where the interest on Deb insurance and bonds is paid by means of coupons a sheet of coupons is supplies so that's sitting right there it can be paid by means of a coupon book reference under the section of promissory note and other types of notes interest coupons attached to a note or bond to evidence to interest maturing at stated intervals over the term of the principal debt are usually executed in a form which constitutes them separate promissory notes distinct from the obligations to which they are attached therefore coupons payable to bear and attach to and representing installments of Interest accruent upon bonds are in legal effect promissory notes and possess all the attributes of negotiable paper such coupons may be detached and negotiated separately by simple delivery as this is a promissory note it's also deemed a cash equivalent consistent with common usage cash includes not only currency on hand but demand deposit with banks and other financial institutions for example A bank's granting of a loan by crediting the proceeds to a customer's demand deposit account is a cash payment by the bank and the cash receipt of the customer when the entry is made now I'm going to continue on with my research in part two so stay tuned peace