Which of the following statement is correct about the head office current account and the...
FINANCIAL
JAMB 1995
Which of the following statement is correct about the head office current account and the branch current account?
- A. Both always have debit balances
- B. both always have credit balances
- C. the head office current account has a credit balance while the branch current account has a debit balance
- D. the head office current account has a debit balance while the branch current account has a credit balance
Correct Answer: D. the head office current account has a debit balance while the branch current account has a credit balance
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