An overdraft is usually shown as a?

An overdraft is usually shown as a?

A. credit balance in the cash column of the cash book B. debit balance in the cash column of the cash book C. debit balance in the loan account D. credit balance in the bank column of the cash book E. debit balance in the bank column of the cash book Correct Answer:...

The principal of double entry book-keeping is that?

A. every debtor must have a creditor B. every account debited must be immediately credited C. for every debit there must be a corresponding credit D. for every double debit, threre must be a double credit E. for every item there must be a doubkle entry Correct Answer:...

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