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JAMB Accounting 2010 Objective — Question 12

Question 12 of 50 from the Joint Admissions and Matriculation Board (JAMB) Accounting 2010 Objective paper, with the correct answer and a full explanation.

12. The bank charges levied on a current account holder is the A. transaction B. turnover C. transfer D. cash received

A. transactionCorrect
B. turnover
C. transfer
D. cash received

Explanation

Bank charges levied on a current account holder are transaction charges.

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