Question

the process of doing the total of both sides of debit and credit of an account is called as

Answer 1

Bringing down the balance is the process of doing the total of both sides of debit and credit of an account.

There are two types: balance carried down (or forward) and balance brought down (or forward). Balance carried down is the closing balance of an account during a financial year whereas balance brought down is the opening balance of the next financial year.

Answer 2

The process of doing total forboth of the sides of an Account is called as Casting of an Account. ... The Rule of the NominalAccount is Debit all the Expenses and Loses and Credit all the gains and incomes.

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