Direct debit means
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Direct debit means
1 poin
Instructions by the business to the bank to pay a fixed regular amount of money at
stated dates to persons, business or companies.
Instructions to the bank to releases amounts of money requested by creditors from
time to time
The direct transfer of money from the business's bank account into its creditors' bank
account
O The direct transfer of money into the business's bank account by its debtors.
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