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double entry book keeping

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FA – FIA FFA › double entry book keeping

  • This topic has 1 reply, 2 voices, and was last updated 11 years ago by AvatarJohn Moffat.
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  • November 29, 2014 at 6:20 pm #214492
    Avatarsaifudeen
    Member
    • Topics: 85
    • Replies: 84
    • ☆☆

    a companys trade payable in trial balance as at 30 september 2000

    shows balance c/d – 11900 and balance b/d- 14000 what was the balance for trade payable in the trail balance at 1october 2000 ?

    sir the answer should be 11900 cr because next month this c/d comes as b/d in next month ?
    am i correct sir ?
    but answer is given as 14000 cr . iam not understanding the logic behind this . 🙁

    November 30, 2014 at 7:55 am #214594
    AvatarJohn Moffat
    Keymaster
    • Topics: 57
    • Replies: 54839
    • ☆☆☆☆☆

    You are correct in saying that the balance carried down becomes the balance brought down. From what you have typed it seems like you are correct, but without seeing the whole question I cannot be certain.

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