BGC has various meanings in the Accountancy category. Discover the full forms, definitions, and usage contexts of BGC in Accountancy.
A bank giro credit (BGC) is a standardised paper form that has the name and account details of a specific organisation or business printed on it. When the form is completed by a customer and handed/posted to a bank with cash or a cheque, it acts as an instruction to that bank to pay the specified sum of money to the organisation or business whose bank details are printed on the bank giro credit.
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