Question

Does balance b/d have the same meaning in credit and debit side?
in ledger accounts.

Answer 1

Answer:

Explanation:

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Answer 2

Answer:

Balance B/D and Balance C/D are terms used for balancing and closing of ledger accounts from the current period to the following period.

Balance B/D – is the balance brought down as opening balance of a ledger pulled from the previous accounting period.

Balance C/D – is the balance carried down as the closing balance of a ledger pushed to the next accounting period.

if Debit side > Credit side it is called Debit Balance

If Credit side > Debit side it is called Credit Balance