Payment Methods – NBC Institute

FA – Nov 2020 – L1 – SA – Q15 – Recording Financial Transactions (Including Source Documents, Books of Prime Entry, and Cash Books)

Identifies the method of payment for regular fixed amounts through bank instructions.

Question

Florence Ajade pays her professional subscription through instructions to her bank to make annual regular payments of a fixed amount from her current account. When the subscription increases, she issues revised instructions to the bank to reflect the new amount.

Which of the following methods of payment is she using?
A. Internet banking transfer
B. Standing order
C. Payable order
D. Direct credit
E. Standing bill of payment

Answer

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Tags: Bank Instructions, Payment Methods, Standing Order
Level: Level 1

BCL – Nov 2018 – L1 – Q5b – Negotiable Instruments

State two types of negotiable instruments.

Question

A Negotiable Instrument is that document that includes a ‘promise to pay’ a certain amount of money to the bearer of the document.

Required:
State TWO (2) types of negotiable instruments.

(2 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Financial Documents, Negotiable Instruments, Payment Methods
Level: Level 1

Topic: Negotiable Instruments
Series: NOV 2018

FA – Nov 2020 – L1 – SA – Q15 – Recording Financial Transactions (Including Source Documents, Books of Prime Entry, and Cash Books)

Identifies the method of payment for regular fixed amounts through bank instructions.

Question

Which of the following methods of payment is she using?
A. Internet banking transfer
B. Standing order
C. Payable order
D. Direct credit
E. Standing bill of payment

Answer

Find Related Questions by Tags, levels, etc.

Tags: Bank Instructions, Payment Methods, Standing Order
Level: Level 1

BCL – Nov 2018 – L1 – Q5b – Negotiable Instruments

State two types of negotiable instruments.

Question

A Negotiable Instrument is that document that includes a ‘promise to pay’ a certain amount of money to the bearer of the document.

Required:
State TWO (2) types of negotiable instruments.

(2 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Financial Documents, Negotiable Instruments, Payment Methods
Level: Level 1

Topic: Negotiable Instruments
Series: NOV 2018

Question Tag: Payment Methods

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FA – Nov 2020 – L1 – SA – Q15 – Recording Financial Transactions (Including Source Documents, Books of Prime Entry, and Cash Books)

Identifies the method of payment for regular fixed amounts through bank instructions.

BCL – Nov 2018 – L1 – Q5b – Negotiable Instruments

State two types of negotiable instruments.

FA – Nov 2020 – L1 – SA – Q15 – Recording Financial Transactions (Including Source Documents, Books of Prime Entry, and Cash Books)

Identifies the method of payment for regular fixed amounts through bank instructions.

BCL – Nov 2018 – L1 – Q5b – Negotiable Instruments

State two types of negotiable instruments.

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Question Tag: Payment Methods

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FA – Nov 2020 – L1 – SA – Q15 – Recording Financial Transactions (Including Source Documents, Books of Prime Entry, and Cash Books)

Identifies the method of payment for regular fixed amounts through bank instructions.

You're reporting an error for "FA – Nov 2020 – L1 – SA – Q15 – Recording Financial Transactions (Including Source Documents, Books of Prime Entry, and Cash Books)"

BCL – Nov 2018 – L1 – Q5b – Negotiable Instruments

State two types of negotiable instruments.

You're reporting an error for "BCL – Nov 2018 – L1 – Q5b – Negotiable Instruments"

FA – Nov 2020 – L1 – SA – Q15 – Recording Financial Transactions (Including Source Documents, Books of Prime Entry, and Cash Books)

Identifies the method of payment for regular fixed amounts through bank instructions.

You're reporting an error for "FA – Nov 2020 – L1 – SA – Q15 – Recording Financial Transactions (Including Source Documents, Books of Prime Entry, and Cash Books)"

BCL – Nov 2018 – L1 – Q5b – Negotiable Instruments

State two types of negotiable instruments.

You're reporting an error for "BCL – Nov 2018 – L1 – Q5b – Negotiable Instruments"

Our offerings

Contact Info

Customer

Get In Touch

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