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The bank column in the cash book shows a credit balance of N180. This means

Accounts - Principles of Accounts
WAEC 1989
The bank column in the cash book shows a credit balance of N180. This means
  • A. a total payment of N180
  • B. a gross receipt of N180
  • C. a left over of N180 in the bank
  • D. an overdraft of N180
  • E. a left over of N180 cash
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Correct Answer: Option D
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
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