• 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 June 2012Comment
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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 2012
    • benjamin doh Really Proud of you.
      Like It0 Unlike It0 13 June 2012
    • bello sulaimon in addition, balance b/d connotes the closing balance of the previous a/cting year.
      Like It1 Unlike It0 14 November 2012
    • benjamin doh Thanks a lot.Bello
      Like It0 Unlike It0 24 November 2012