If a business shows a debit balance in its own record of its bank balance,...

FINANCIAL
POST UTME OAU

If a business shows a debit balance in its own record of its bank balance, this indicates.

  • A) the business has a bank overdraft
  • B) the business is a debtor of the bank
  • C) the business has money in the bank
  • D) the ledger entry must be wrong

Correct Answer: A) the business has a bank overdraft

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