Action Accounting
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Bling
Balancing Accounts and the Trial Balance: Purchases
Scene 113
/ of 136
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 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
Purchases Account
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
May 30
May 31
Balance c/d
Balance b/d
May 30
May 31
Balance c/d
Balance b/d
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The Balance b/d is €0 date May 31.
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