A credit balance of ?350,000 in a cash account shows that

FINANCIAL
POST UTME OAU

A credit balance of ?350,000 in a cash account shows that

  • A) ?350,000 was the total cash received
  • B) ?350,000 was the total cash paid out
  • C) Cash at hand equals ?350,000
  • D) ?350,000 was the cash overspent

Correct Answer: D) ?350,000 was the cash overspent

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