JAMB 2010
The bank charges levied on a current account holder is the charge on?
- Atransaction
- Bturnover
- Ctransfer
- Dcash received
Explanation
Bank charges on a current account are primarily levied on individual activities or services performed, such as withdrawals, deposits, cheque processing, electronic transfers, and ATM usage. These activities are collectively termed as transactions.
Related questions
More accounts-principles-of-accounts practice around this topic.
Sam's share of profit is
JAMB 2019
The rate of interest on capital for Ade is
JAMB 2019
The major function of accounting bodies in Nigeria is to?
JAMB 2010
Ledger account is mainly classified into?
JAMB 2010
If salary account is debited instead of stationary account, the error committed is that of?
JAMB 2010
The account which refers to the tangible assets of a company that is of permanent nature is the?
JAMB 2010