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Commerce · Q99

Accounting

Graduate and Post Graduate · Commerce · question 99

Q99

Which of the following is the closing balance of a ledger account?

A.
Balance c/d
Answer
B.
Balance b/d
C.
Balance e/d
D.
Balance f/c

Answer: Option A

Solution

Answer: Option A
Solution:
Balance c/d is the closing balance of a ledger account.