Question on: JAMB Accounting - 1995
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
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Correct Option: D
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