Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 41 - No. 34)
A business uses a bank account. Which of the following statements is correct?
A business should have no current accounts.
A business will only use a bank deposit amount.
A business should have bank current account to make payments.
A business does not need to record payments.
Explanation
A business uses bank current accounts to make and receive payments.
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