Utility Bills

Bank Giro Credit (BGC)
A preprinted paper slip used to pay cash or cheques into a specified bank account. It is commonly found at the back of chequebooks and utility bills.
Fixed Charge
A fixed charge is the portion of an expense that remains constant, regardless of the amount of a commodity or service used or consumed.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.