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A debit balance of N1,000 in cash account means that
Classroom
Accounts - Principles of Accounts Classroom
Waec
Waec 2005
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A debit balance of N1,000 in cash account means that
SchoolNGR Classroom
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
A
Cash in hand is N1,000
B
Cash has been overspent by N1,000
C
Total cash paid out is N1,000
D
Total cash received was less by N1,000
Show Answer
Show Explanation
Correct Answer:
Option A
Explanation:
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