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Topic Content:
- Payment by Cash
- Payment by Bank Transfer
- Payment by Cheque
- Bank Draft
- E-payment
The methods commonly used for making payments are:
- Cash.
- Bank transfer.
- Cheque.
- Bank draft.
- E-payment.
1. Payment by Cash:
Payments made by cash, are those goods or services generally acceptable in the country for payments. In Nigeria, the standard units of money, the naira, and kobo are usually accepted as payment for goods.
Although risky to carry about, it remains the most common method of making payments, in many parts of the world.
2. Payment by Bank Transfer:
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