A debit balance of N1,000 in cash account means that

A debit balance of N1,000 in cash account means that
  • A.
    cash in hand is N1,000
  • B.
    cash has been overspent by N1,000
  • C.
    total cash paid out is N1,000
  • D.
    total cash received was less by N1,000
Correct Answer: Option A
Explanation
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