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WorksheetsReceipts and payments
Total questions: 13
Worksheet time: 7mins
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
The person who signs cheque which is drawn is called the
Drawer
Drawee
Payee
Payer
The bank on which the cheque is drawn is called the
Drawer
Drawee
Payee
Payer
The person who receives the cheque is called the
Drawer
Drawee
Payee
Payer
