Which of the following is the closing balance of a ledger account? A. Balance c/d B. Balance b/d C. Balance e/d D. Balance f/c
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Solution 1
The closing balance of a ledger account is represented by A. Balance c/d (carried down). This is the amount that is carried forward to the next accounting period. It is placed on the debit side if the account has a debit balance, and on the credit side if the account has a credit balance. Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem. Kn
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