Question

how to balance accounts​

Answer 1

Answer:

add up the accounts on each side of the account to find the total

Answer 2

The following procedure should be used to balance accounts

1)Add up the amounts on each side of the account to find the totals.

2)Enter the larger figure as the total for both the debit and credit sides.

3)For the side that does not add up to this total, calculate the figure that makes it add up by deducting the smaller from the larger amount. Enter this figure so that the total adds up, and call it the balance carried down. This is usually abbreviated as Balance c/d.

4)Enter the balance brought down (abbreviated as Balance b/d) on the opposite side below the total figure. (The balance brought down is usually dated one day later than the balance carried down as one period has closed and another one has started.)