Adama's bank account showed an overdraft of ?600 on 31st March. On going through the...

FINANCIAL
POST UTME UI

Adama's bank account showed an overdraft of ?600 on 31st March. On going through the account, it was discovered that the N 1080 paid into the account on 29th march had not been credited. What should be the balance in Adama's cash accounts?

  • A) N1,680 Dr.
  • B) N1,080 Cr.
  • C) N600 Dr.
  • D) N480 Cr.

Correct Answer: D) N480 Cr.



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