What is the effect of transaction when cash is paid into the bank
FINANCIAL
JAMB 2017
What is the effect of transaction when cash is paid into the bank
- A. Bank balance decrease and cash balance increase
- B. bank balance decrease and cash balance decrease
- C. cash balance increase and bank balance increase
- D. cash balance decrease and bank balance increase
Correct Answer: D. cash balance decrease and bank balance increase
Explanation
Cash balance decrease and bank balance increase: The cash as leaving the cash till and will be deposited into the bank
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