Which of the following would result in an exceptional account balance?

Question

A
A business which has $3000 in the bank writes a cheque for $3500.

B
A customer who owes us $500 sends us a cheque for $550.

C
The business owed $200 to a supplier but wrote a cheque for $20,000 as payment.

D
All the above would result in an exceptional balance.

James C. · Accepted Answer

A because cash normally has a debit bal.This situation would result in an overdrawn situation- or a credit bal.

1 Expert Answer

A	A business which has $3000 in the bank writes a cheque for $3500.
B	A customer who owes us $500 sends us a cheque for $550.
C	The business owed $200 to a supplier but wrote a cheque for $20,000 as payment.
D	All the above would result in an exceptional balance.