The acronym BACS, commonly used for payroll, stands for: (a) Bank Automated Clearing Services (b) Bank Automatic

Question:

The acronym BACS, commonly used for payroll, stands for:
(a) Bank Automated Clearing Services
(b) Bank Automatic Clearing System
(c) Bank Automatic Credit Services
(d) Bank Automated Credit System

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Financial Accounting An Introduction

ISBN: 9780273737650

2nd Edition

Authors: Mr Barry Elliott, Mr Augustine Benedict

See More Books

Question Posted: Aug 31, 2023 02:26 AM

See More Questions

Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1-5. Ivan's grandfather died and left a portfolio of municipal bonds. In 2012, they pay Ivan...
Growth Strategy A. Organic Growth This section describes how JB Hi-Fi Australia can take advantage of various organic growth strategies, including new product development, market development and...
Assume that Wrigley Juice is an S corporation owned equally by Henry, Iris, and Jasmine. Prepare a memo explaining the effect of Wrigleys results on Henrys, Iriss, and Jasmines tax returns. Wrigley...
Good execution of a poor creative strategy will create positive results for the brand (company). Is this statement true or false? Assemble some data that either support or refute this statement.
Use the Minitab macro NormDP to nd the posterior distribution of the mean when we have a random sample of observations from a normal(, 2 ), where 2 is known, and we have a discrete prior for ....
Kelly, age 35, is a single parent and has a one-year-old son. She earns $45,000 annually as a marketing analyst. Her employer provides group life insurance in the amount of twice the employees...
Factors which might cause a reduction in management's assigned penalty are called: a. Last chances. b. Second chances. c. Mitigating circumstances. d. Discharge circumstances.
Which of the following is not a payroll function? (a) Check gross pay entitlement of each employee (b) Verify accuracy of pay-sheet deductions (c) Prepare and distribute payslips (d) Notify...
HMRC allocates a PAYE Code to each employee so that: (a) The employees pay may be determined according to family circumstances (b) The employees tax deductions may take account of tax allowance and...
Nabil Woodcraft Company (NWC) manufactures antique wooden cabinets to house modern radio and CD players. NWC began operations in January of last year. Paul Nabil, the owner, asks for your assistance....
Suppose a 100-Mbps point-to-point link is being set up between Earth and a new lunar colony. The distance from the moon to the Earth is approximately 385,000 km, and data travel over the link at the...
An ice cream store wants to use a survey to determine which newspapers its customers regularly read. Which of the following procedures would be most appropriate for obtaining a statistically unbiased...
In Problems 7-18, a sample of paired data gives a linear correlation coefficient $r$. In each case, use Table 14.10 to determine whether there is a significant linear correlation. Table 14. 10...
At a well-known major university, the career choices of 1,500 graduates from an MS program are shown in Figure 14.16. Figure 14.16 a. How many plan to get a job in a national laboratory? b. How many...
In Problems 7-18, a sample of paired data gives a linear correlation coefficient $r$. In each case, use Table 14.10 to determine whether there is a significant linear correlation. Table 14. 10...
Identify several environmental factors that may explain why accounting principles differ among countries.
When an electric field is applied to a shallow bath of vegetable oil, why do tiny bits of thread floating in the oil align with the field like compasses in a magnetic field?
Mr. and Mrs. Kitchens purchased their first home in Ohio for $135,000 on October 1, 2016. Because Mr. Kitchens employer transferred him to Utah, they sold the house for $160,000 on January 10, 2017....
On January 10, 2017, Kirsten married Joe. Joe sold his personal residence on October 25, 2016, and excluded the entire gain of $175,000. Although they had originally planned to live in the house that...
Mr. and Mrs. Rusbarsky purchased a residence on June 12, 2014, for $200,000. On March 12, 2017, they sell the residence for $300,000, and selling expenses amount to $11,000. They purchase another...
Find all real solutions to the equation: -82 + 72z = -2x+18
Solve the following quadratic equation using the quadratic formula. -3y + y = -5
Find the vertical asymptotes, if any, and the values of x corresponding to holes, if any, of the graph of the rational function. x-7 f(x)= x-10x+21

The acronym BACS, commonly used for payroll, stands for: (a) Bank Automated Clearing Services (b) Bank Automatic

Question:

Step by Step Answer:

a Bank ...View the full answer

Financial Accounting An Introduction

Students also viewed these Business questions