Which of the following statement is correct abo... - JAMB Accounting 1995 Question
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
correct option: d
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