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i still didnt get how are you taking the bills. first bill is for nov,dec and jan so the amount in SOFP should be 739.2 X 1/3 and the second bill should be included the whole amount. plz explain me
A companys trade payables account at 30 september 20×1 is as follows:
Trade Payables Account
Cash at bank 21,600 Balance b/d 14,000
Balance c/d 11,900 Purchases 19,500
total 33,500 total 33,500What was the balance for trade payables in the trial balance at 1 October 20×0?
A. $14,000 DR
B. $14,000 CR
C. $11,900 DR
D. $11,900 CRThe correct answer is B. but i got it A. please help me.
Thank you so much but i need to ask where can i find lecture related to this topic. I did not find this in double entry bookkeeping lecture. can you one more ques for me, it is same like this format?
Okay, thank you so much 🙂
I really appreciate the quick replies from your side.
Regards.and in the above question, its ending on credit side, so it must be a debit balance and the answer should be A. i did not get how did you get B.
oh i see. but i cannot find any explanations. can you kindly guide me or explain me here. I would be very thankful.
Okay thank you. Actually i was doing the revision kit and got stuck in these questions.
Anyways i didn’t find any carrying down topic in double entry bookkeeping, not in the notes nor in the lectures of double entry.Please guide me where can i find b/d and c/d type of questions. I mean which chapter does it get into. and please do guide me about the return outwards and return inwards chapter too( which chapter it is. Reply all of my questions.
Regards.i have one more ques like this.
A companys trade payables account at 30 september 20×1 is as follows:
Trade Payables Account
Cash at bank 21,600 Balance b/d 14,000
Balance c/d 11,900 Purchases 19,500
total 33,500 total 33,500What was the balance for trade payables in the trial balance at 1 October 20×0?
A. $14,000 DR
B. $14,000 CR
C. $11,900 DR
D. $11,900 CRThe correct answer is B. but i got it A. please help me.