Home » Accounts (Principles of Accounts) » The bank column in the cash book shows a credit balance of N180. This meansThe bank column in the cash book shows a credit balance of N180. This means The bank column in the cash book shows a credit balance of N180. This means 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 Explanation Related Posts Discount allowed is enjoyed by The depreciation method that allocates higher value to the use of an asset in its… In a public corporation, the capital expenditure incurred in a financial period is? (begin{array}{c|c} & N \ hline text{Stock Jan 1} & 2600 \ hline text{Purchases} & 4000… A cheque of #5,000 paid to Sulieman had been correctly entered in the cash book… The most important reason for studying accounting is that
