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SingaporeAccountingQuick questions

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?
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An account has total debits of \3\,500andtotalcreditsof and total credits of \20002\,000. State the balance and its type. [2 marks]
What is q2?
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On which side is the balance carried down placed if the credit side is larger? [1 mark]
What is q3?
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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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