A standing order used to pay rent has not been recorded in the accounting records of a business. Which statement is correct?
- ABecause the payment was made automatically, no additional entries are required in the accounting records.
- BBecause the payment was made automatically, only an entry in the rent account is required.
- CEntries are required in the cash book and in the bank reconciliation statement.
- DEntries are required in the cash book and in the nominal (general) ledger.