An overdraft is usually shown as a?

By: |Published on: Aug 19|Categories: Accounting WAEC| 0 comments

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:

Option D – credit balance in the bank column of the cash book

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