andy chuksBalance c/d is Balance Carried Down
Balance b/d is Balance Brought Down
Balance c/d is balance at the end of the accounting period which will be entered on the balance sheet representing closing balance. It's also brought down (b/d) at the beginning of the following accounting period, representing the opening balance for the next accounting period.
For example: if you have a closing balance of an account as N2,000 for the 30 of April, on May 1 the opening balance will be N2,000 (the same figure).
- any balance carried down at the end of an accounting period should be included on the balance sheet
- any balance carried down at the end of an accounting period, the closing balance on an account, will become the opening balance here at the beginning of the next accounting period. 2013 November 2010
Fatai Adelakunthis is gr8.u are ioo% right 0017 November 2010