• benjamin doh Accounting
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    Howdo I close T account ? what do Bal.c/d and Bal. b/d really means ? Please explain with an example.     10 JuneComment
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    • daniela udunwa bal c/d means balance carried down it is the amount you get at the end of an accounting period. while bal b/d means balance brought forward it is the amount you use to start a business and how you close a T account you subtract the side that has the highest amount from the side that has the lowest account and what you get is your balance carried down
      Like It1 Unlike It0 10 June
    • benjamin doh Really Proud of you.
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    • bello sulaimon in addition, balance b/d connotes the closing balance of the previous a/cting year.
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    • benjamin doh Thanks a lot.Bello
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