A debit balance on a bank statement indicates that

FINANCIAL
POST UTME OAU

A debit balance on a bank statement indicates that

  • A) bank is a debtor to the customer
  • B) customer is a debtor to the bank
  • C) bank is not a creditor to the customer
  • D) customer is not a debtor to the bank

Correct Answer: B) customer is a debtor to the bank

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