Examlex
Which of the following is secondary storage?
Customer Payments
The payments made by customers for products or services received from a company.
Zero-balance Account
A banking arrangement where a company’s bank account is maintained at a zero balance, with funds being transferred from a master account as needed.
Disbursement Purpose
The specific reason or objective for which funds are paid out or disbursed in a financial transaction.
Cheques Presented
Refers to the cheques that have been submitted to a bank for payment and are pending clearance.
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