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Balance dr or cr

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FA – FIA FFA › Balance dr or cr

  • This topic has 2 replies, 2 voices, and was last updated 9 years ago by Avataradarsh1997.
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  • September 7, 2016 at 11:31 am #338562
    Avataradarsh1997
    Participant
    • Topics: 646
    • Replies: 282
    • ☆☆☆☆

    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)

    September 7, 2016 at 5:16 pm #338653
    AvatarJohn Moffat
    Keymaster
    • Topics: 57
    • Replies: 54837
    • ☆☆☆☆☆

    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.

    September 7, 2016 at 5:17 pm #338655
    Avataradarsh1997
    Participant
    • Topics: 646
    • Replies: 282
    • ☆☆☆☆

    Thank you sir

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