Action Accounting
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Collins Consultancy
Balancing Accounts and the Trial Balance: Bank
Scene 30
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Introduction
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Double Entry
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Balance the Bank Account: Find the Balancing Figure
Look at the account and calculate out how much each side totals. Then find the difference between the two sides. This is the balancing figure.
Type figures in the "post-it" note below
DR
Bank Account
CR
Date
Details
Amount
Date
Details
Amount
March 1
Balance b/d
19000
March 31
Creditor - Ace Supplies Ltd Account
800
Debit side total equals
Credit side total equals
Difference equals
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Debit side total equals €19000. Credit side total equals €800. Difference equals €18200.
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