Question 0

Which of the following statement is correct about the head office current account and the branch current account?

  • A.Both always have debit balances
  • B.both always have credit balances
  • C.the head office current account has a credit balance while the branch current account has a debit balance
  • D.the head office current account has a debit balance while the branch current account has a credit balance
  • E.
Objective

Question details

Exam body
JAMB
Subject
Accounts - Principles of Accounts
Year
1995
Question no.
#0
Type
Objective

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