Accounts - Principles of Accounts
JAMB 1995
Adama's bank account showed an overdraft of N600 on 31st march. On going through the account, it was discovered that the N1,080 paid into the account on 29th March had not been credited. what should be the balance in Adama's cash accounts?
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A.
N1,680 Dr
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B.
N1,080 Cr
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C.
N600 Dr
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D.
N480 Cr
Correct Answer: Option D
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