Explain the process of balancing an account with an illustration
Answers
Answered by
0
Answer: Balancing a general ledger involves subtracting the total debits from the total credits. All debit accounts are meant to be entered on the left side of a ledger while the credits on the right side. For a general ledger to be balanced, credits and debits must be equal.
Explanation:
Answered by
2
Answer:
Balancing of ledgers means finding the difference between the debit and credit amounts of a particular account i.e. heavier total and lighter total difference and recording that difference amount on the lighter total side.
Explanation:
hope you understand ☺✌
Similar questions