A debit balance of N1,000 in cash account means that

Accounts - Principles of Accounts

WAEC 2005

A. cash in hand is N1,000
B. cash has been overspent by N1,000
C. total cash paid out is N1,000
D. total cash received was less by N1,000

WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now

Your School's Whatsapp Group - Join Us now

WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now

Correct Answer: Option A

Explanation

No official explanation is available for this question at this time. Please check contributions posted by others below. If you can provide an explanation to help other student learn, please click here

Previous Next

Go back to Acc classroom

Report an Error Ask A Question Download App

Contributions ({{ comment_count }})

Please wait...

{{ settings.no_comment_msg ? settings.no_comment_msg : 'There are no comments' }}

Quick Questions

what is isoelectronics series? Answer this

2 Answers · Chemistry · 1 day ago
what is the cut off marks for lafia federal university? Answer this

1 Answers · 1 day ago
49. Fill in the blank space with the correct word(s), from the options lettered A-D. In the sentence "The girl... Answer this

4 Answers · 2 years ago

Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts

A debit balance of N1,000 in cash account means that

Correct Answer: Option A

Explanation

Contributions ({{ comment_count }})

Please wait...

Modal title

Report

Block User

{{ feedback_modal_data.title }}

Quick Questions

Post your Contribution

Sign In