A company’s trade payables account at 30 September 20X1 is as follows: TRADE PAYABLES ACCOUNT $ $ Cash at bank 21,600 Balance b/d 14,000 Balance c/d 11,900 Purchases 19,500 33,500 33,500 What was the balance for trade payables in the trial balance at 1 October 20X0? What was the balance for trade payables in the trial balance at 1 October 2010?
A $14,000 DR B $14,000 CR C $11,900 DR D $11,900 CR
Why this answer is B It’s asking closing balance of previous year.So $14000Dr right? Then it shows opening balance one credit side