Action Accounting
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Bling
Balancing Accounts and the Trial Balance: Cash
Scene 97
/ 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 Cash 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
Cash Account
CR
Date
Details
Amount
Date
Details
Amount
May 15
Bank Account
300
May 26
Sales Returns Account
30
May 31
Balance c/d
270
300
300
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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