Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 26 - No. 10)
Which of the following are considered methods of making and receiving payments for a business with a bank account?
Cash.
Cheques.
Direct debit.
Online banking.
Explanation
Cheques, Direct debit, and online banking are all methods for making/receiving payments. Cash is a method for receiving and making payments.
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