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The Double-Entry System
Quick questions on Balancing off accounts: N(A)-Level Principles of Accounts
3short Q&A pairs drawn directly from our worked dot-point answer. For full context and worked exam questions, read the parent dot-point page.
What is q1?Show answer
An account has total debits of \3\,500\. State the balance and its type. [2 marks]
What is q2?Show answer
On which side is the balance carried down placed if the credit side is larger? [1 mark]
What is q3?Show answer
Explain how the side a balance is brought down on tells you whether it is a debit or credit balance. [2 marks]
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