by: Admin_LouisPosted on:

Which of the following statement is correct about the head office current account and the branch current account?

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

Answer is D

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