Accounting JAMB

Yahya’s bank account shows a credit balance of N1 500 000. He paid N1 700 000 into the bank. What is his expected balance?

A. Credit balance of N 200,000
B. Debit balance of N 200,000
C. credit balance of N 3 200,000
D. Debit balance of N3 200,000

Correct Answer:

Option C – credit balance of N 3 200,000

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