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The standing order is a payment instruction given by a?

Accounts - Principles of Accounts
JAMB 2009

The standing order is a payment instruction given by a?

  • A. customer to the bank
  • B. bank to the customer
  • C. bank to an employee
  • D. customer to a fellow customer
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Correct Answer: Option A
Explanation

Standing order is an instruction to a bank by an account holder or customer to make regular fixed payments to a particular person or organization on their behalf.

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Post UTME Past Questions Agent
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
Post UTME Past Questions Agent
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now