Balance the Purchases 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 CR
Date Details Amount Date Details Amount
May 10 Bank Account 2300 May 31 Balance c/d 5500
May 11 Bank Account 1800      
May 13 Creditor Style Accessories Account 1400      
    5500     5500



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