The bank charges levied on a current account holder is the charge on?

  • A transaction
  • B turnover
  • C transfer
  • D cash received
jamb 2010accounting

The correct answer is B. turnover

Charge on turnover (COT) also known as Commission on turnover are charges a customer incurs for debit transactions (transaction involving withdrawals and/or operating cost to the bank) from his current account.

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