Question

Write a short note on balancing an account. Explain by balancing a cash account ​

Answer 1

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Answer. Balancing of an account is to total both debit and credit sides of an account and putting the difference on that side which is shorter. All ledger accounts are usually closed and balanced at the end of an accounting period.Both the sides of an account are totaled.

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Answer 2

Answer:

Balancing of an account is to total both debit and credit sides of an account and putting the difference on that side which is shorter. All ledger accounts are usually closed and balanced at the end of an accounting period. Both the sides of an account are totaled.