Balancing Accounts

Question 1

On what basis can an accounts when balancing accounts
Name one

Answer 1

When the both sides of the account are. equal

Question 2

True or False: Balance carried down is on LARGER side of the account

Answer 2

False
On Smaller side

Question 3

True or false : The balance brought down is on the side of the account that is LARGER

Answer 3

True

Question 4

True or false: your balance carried down and your balance brought down are always the same FIGURE

Answer 4

True
They are represented on different sides of the accounts

Question 5

True or false: Balance carried down is represented only on the credit side.

Answer 5

False
Your balance carried down can be represented on either side of T account, this can change with the accounts your dealing with