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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
