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winspire

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Active 1 year ago
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  • June 28, 2021 at 8:55 pm #626547
    116fa6dbecca51b7629e8e80144b850e30353f7f6c295a90506240eb44b771c9 80winspire
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    Thanks I understand

    Where can I watch free lecture

    June 27, 2021 at 12:55 pm #626453
    116fa6dbecca51b7629e8e80144b850e30353f7f6c295a90506240eb44b771c9 80winspire
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    • Topics: 1
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    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

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