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To balance off the account, we look at the side which is larger than the other, make both sides balance by taking the difference between the higher and the lower figure to the side which has lower value and the figure is entered against balance carried down or "c/d". This means the two sides balance then the figure is taken to the opposite side and entered against balance brought down or " b/d' to begin the list of transactions for the following period.
What else can I help you with?
Is a customer's payment on account immediatly recorded in the checking account?
true
Does The US Treasury keeps a checking account with the Federal Reserve?
Yes the US treasury keeps a checking account with the Federal Reserve
The cash account has a credit balance Which statement is true?
what are the choices?!
A credit balance on a vendoe subsidiary account is an unpaid balanceowed true or false?
true
True or false When a companys Cash account balance is less than its Accounts Payable account balance bankruptcy is likely to follow.?
yes
The Accumulated Depreciation's account balance is the sum of depreciation expense recorded in past periods true or false?
Yes. Accumulated depreciation is a contra asset account, which means it has an opposite balance from a normal asset account. It is used to reduce the balance whatever asset you are deprecating. When you total your assets on the balance sheet, you deduct the cost of Accumulated depreciation from your assets to get the true worth of your assets.
True or false that purchase return and allowances is contra account and its normal balance would be credit?
true
Discount on Notes Payable is a contra account to Notes Payable on the balance sheet?
true
Is it true that the balance at the end of the period in the materials account represent the cost of materials on hand?
sure
Is It True Or False balancing a checkbook is the same as balancing a checkings account?
False. Balancing a checkbook involves reconciling your own manual records with the bank's records to ensure they match. Balancing a checking account involves checking that the account's transactions match the bank's records. The former is a task you perform, while the latter is an ongoing process monitored by the bank.
History of rural bank imus cavite GMA?
Im a checking account depositor in GMA bank Imus, my brother broke the news that it's closing down. How true is it? If so, how are we going to draw out our balance? Your kind response is highly appreciated. Thank you!
Is it true or false that if you open a savings account you can increase your money?
True - If you keep depositing your monthly savings regularly into your savings account. False - If you don't deposit any money into your account. Money in your savings account does not increase automatically. Banks will credit a small interest amount every quarter/year into your account but that wouldn't increase your balance significantly unless you deposit funds into your account.
