Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 36 - No. 31)
What is a direct debit in relation to the cash book?
A fixed payment to the business's bank account.
A variable payment authorized by the business.
A fixed payment from the business's bank account.
A variable payment authorized by the payer and paid from the payer's account.
Explanation
Direct debits are variable payments, set up by the payer, and directly taken from their account.
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