Which of the following is an application of the recurring entry concept?

Question

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The recurring entry concept is used for standing orders, which are pre-authorized payments that are made on a regular basis, such as monthly rent payments or subscription fees. This allows for automatic processing of transactions without the need for manual data entry each time. Option A (automatic identification) refers to a different concept related to the use of technology to recognize patterns or data, option C (new orders) is not related to the recurring entry concept, and option D (remittance advice) is a document that accompanies a payment and provides information on the invoice being paid, also not related to the recurring entry concept.

Which of the Following Is an Application of the Recurring