Adiza gave an instruction to her banker to pay a premium ...
Adiza gave an instruction to her banker to pay a premium of Le 30,000 from her account to Union Rock Insurance on a quarterly basis for a policy. This instruction is an example of
Bank charges
Direct debit
Standing order
Credit transfer
Correct answer is C
Standing order is an instruction given by the account holder to the bank to make regular payment on his behalf. The bank will make the payment and debit the bank statement but no entry in the cash book.
The salary of the chief Justice of the Federation is paid from the? ...
One of the the differences between bookkeeping and accounting is that the former ...
Which of the following items does not feature in the balance sheet of a club? ...
The price paid by an acquiring company is the ...
The objective of preparing departmental account is to determine the ...
Final accounts of a not-for-profit making organization is made up of ...
A class of preference shares in which dividend rights are carried forward is ...
An allowance given to a customer by a supplier for prompt payment is ...