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

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

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

Correct Answer:

Option D – an overdraft of N180

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