do we have to use balance bd and balance cd in every ledger account
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Subject:
Accountancy -
Author:
virginia -
Created:
1 year ago
Answers 1
Answer:
In bookkeeping, Balance B/D and Balance C/D are terms used for balancing and closing of ledger accounts from the current period to the following period.
In bookkeeping, Balance B/D and Balance C/D are terms used for balancing and closing of ledger accounts from the current period to the following period.Balance B/D – is the balance brought down as opening balance of a ledger pulled from the previous accounting period.
In bookkeeping, Balance B/D and Balance C/D are terms used for balancing and closing of ledger accounts from the current period to the following period.Balance B/D – is the balance brought down as opening balance of a ledger pulled from the previous accounting period.Balance C/D – is the balance carried down as the closing balance of a ledger pushed to the next accounting period.
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