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Accounts (Principles of Accounts) · The cash book and discounts

Accounts (Principles of Accounts)The cash book and discountsWAEC

In the cash book, a bank overdraft brought down appears on the

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Answer: C. credit side

An overdraft is money owed to the bank, so the balance is a credit.

An AdmitMe practice question, written for the WAEC syllabus. Not an official past question.

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