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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FA – FIA FFA › Balance dr or cr
Dear sir,
1. When the question says,”what is the remaining balance”, which balance it is referring to; balance c/d or b/d?
2. When the question says, “what is the remaining closing balance”;which balance it is referring to; balance c/d or b/d?
(I do have watched your lectures)
The balance is always the balance brought down (the balance carried down is simply the workings for the balance).
The answer to your second question is the same as the answer to the first question.
Thank you sir