Action Accounting
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Patricia Green's Organic Fruit and Vegetable Stall
Balancing Accounts and the Trial Balance: Sales
Scene 41
/ of 60
Introduction
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Double Entry
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Balancing Accounts
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Trial Balance
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Income Statement
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Balance Sheet
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Completed Financial Statements
Balance the Sales Account: Bring Down the Opening Balance
The closing balance needs to be brought down to the opposite side as the opening balance for the next period.
Enter the opening balance.
If there is no closing balance just click check your answer without entering anything.
DR
Sales Account
CR
Date
Details
Amount
Date
Details
Amount
October 7
Balance c/d
1180
October 6
Bank Account
700
October 7
Bank Account
480
1180
1180
October 7
October 8
Balance c/d
Balance b/d
October 7
October 8
Balance c/d
Balance b/d
close
That's correct.
The Sales Account is balanced. The balance brought down on the credit side shows
that Sam generated sales of ?1,180 in his first week of trading.
close
Are you sure? Try again.
close
The Balance b/d is €0 date October 8.
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