Receipts and payments

Credit Transfers can be sent to more than one person?

• Yes

• No

• Maybe

A cheque that has the number amount different from the word amount may still be cashed or deposited.

• Yes

• No

Standing Orders

• Depositing the money from one account to another.

• Preset instructions given to a bank to make regular payments to an agency on behalf or the drawer (account holder)

• Preset instructions given to a bank to make regular payments to an agency on behalf or the payee (person receiving the money)

Direct Debit

• Depositing the money from one account to another.

• Preset instructions given to a bank to make regular payments to an agency on behalf or the drawer (account holder)

• Preset instructions given to a bank to make regular payments to an agency on behalf or the payee (person receiving the money)

A system use to make payments to several creditor without the drawer having to prepare cheques for each amount.

• Direct Debit

• Standing Order

• Credit Transfer

• Depositing

COD is also known as

• Credit on Deposit

• Credit on Delivery

• Cash on Debit

• Cash on Delivery

Bar Codes are used to

• Control stock

• Control stock and give reciepts

• Give Reciepts

• For the files

A form or payment sent through mail

• Postal Order

• Order Form

• Purchase Order

• Requisition Form

This document provides a record of all the transactions taken place between a customer and itself.

• Invoice

• Requisition

• Stock Card

• Bank Statement

Select advantages of sending money through credit transfers

• Save on the cost of envelops and postage

• Can be conveniently sent through the internet at anytime

• Funds can be sent to several creditors at the same time.

• Much safer method of payment

• All of The above