in the account ledger of apoorva, debit side is more than its credit side. How will it be balanced? What will this balance show?
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A ledger account can have both debit or a credit balance which is determined by which side of the account is greater than the other.
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account ledger of apoorva, debit side is more than its credit side which will be balanced by crediting balancing figure to be balanced.
the balance shown will be carried forward to next year
in case of expenses and income balances be will be debited and credited respectively in profit and loss account
hope its useful
the balance shown will be carried forward to next year
in case of expenses and income balances be will be debited and credited respectively in profit and loss account
hope its useful
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