LET'S PLAY THE GAME "ACCA"

A retail bank is a place where you can...

• deposit money

• buy shares

• set interest rate

• manage money supply

If an individual or business has taken out more money than they have in their current account, this is known as...

• a deposit

• a loan

• an investment

• an overdraft

the picture above is...

• Manual receipt

• Till receipt

• cash stored

What is EFTPOS?

• a cheque from a bank

• a written instruction from one person to their bank to pay another specific person a specific amount of money from the drawer's account.

• system of paying for goods using credit cards and debit cards.

match the transactions
"Direct credit"

• A total of $2,451.10 paid for wages of ten employees

• $5.50 paid to the window cleaner

• $45.00 paid each month for buildings insurance, this amount is fixed each month

• $150.00 paid for a telephone bill, the amount can vary each month

match the transactions
"Cash"

• A total of $2,451.10 paid for wages of ten employees

• $5.50 paid to the window cleaner

• $150.00 paid for a telephone bill, the amount can vary each month

• $45.00 paid each month for buildings insurance, this amount is fixed each month

match the transactions
"Standing order"

• $5.50 paid to the window cleaner

• A total of $2,451.10 paid for wages of ten employees

• $199.00 paid to a supplier that does not accept payment by direct credit

• $45.00 paid each month for buildings insurance, this amount is fixed each month