Question on: JAMB Accounting - 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
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Correct Option: D
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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