WAEC Accounting 2024 Paper

Concept:A customer’s bank account normally carries a credit balance.Explanation:A credit balance means the bank owes the customer.A debit balance is the opposite situation.So, a debit balance of $\mathrm{D}\,61,000$ indicates that the customer owes the bank that amount.This happens when the bank has paid out more than the customer has deposited.Answer:Option B: the customer owes the bank $\mathrm{D}\,61,000$.