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BP stands for Bill Payment - the payment has been transferred from another bank account.

BP actually stands for BACS Payment. Which is Bankers' Automated Clearing Services'.

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15y ago

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What does bp mean on a bank statement?

BP on your bank statment stands for Bill Payment


What does BP abbreviation stand for?

British Petroleum. Technically it's an acronym not an abbreviation. An abbreviation is a shortened version of a word, such as abbr. for abbreviation. An acronym is any combination of abbreviations, contractions or initialisms. BP is an initialism and is therefore an acronym.


Who is the auditor for British petroleum?

As of my last knowledge update in October 2023, the auditor for BP (British Petroleum) is Deloitte. Deloitte has been responsible for auditing BP's financial statements, ensuring compliance with accounting standards and regulations. However, it's important to check the latest reports or BP's official announcements for the most current information, as auditor engagements can change.


Does bp pay us taxes?

According to BP's website and their 2009 press release on profits, BP's replacement cost profit for 2009 was 13,955 million. Their effective taxe rate on that profit was 33% so they paid 4,605.15 million in taxes. I do not know how much of the difference was true profit, but they definitely pay a lot in taxes. The above ans is interesting but using terms, and I suspect is done using number reporting in shortened convention (as in dropping (000)s like, most financials), but especially terms that would take literally year to try and explain to a tax or accounting layman. Yes BP pays US taxes....BILLIONS of dollars in income tax alone (their US income was well int the multi 10s of Bills)....and many Bs more in severance (a form of natural resource tax), and uncountable others.


What are the top 5 companies in the UK?

Top 5 UK companies by Net Mkt Cap (GBPmillions) are 1. BP £107,147 2. HSBC £104,973 3. Vodafone £84,101 4. GlaxoSmithKline £73,573 5. Royal Dutch Shell A £70,870 As per FTSE100 June 2008. 1.British Petroleum ( B.P ) 2. HSBC Holdings 3. Tesco 4. Vodafone Group 5. Barclays As of July 2012 on CNN Money