JAMB Accounting 2009 Objective — Question 12

Question 12 of 50 from the Joint Admissions and Matriculation Board (JAMB) Accounting 2009 Objective paper, with the correct answer and a full explanation.

12. The standing order is a payment instruction given by a

A. customer to the bankCorrect
B. bank to the customer's bank
C. an employee
D. customer to a fellow customer

Explanation

A standing order is an instrument given by a customer to the bank to pay a certain amount at a particular time to a beneficiary.

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