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SingaporeAccountingQuick questions
The Double Entry Recording System
Quick questions on Balancing ledger accounts explained: O-Level Principles of Accounts
4short 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 reading the balance?Show answer
The bring-down side tells you the type of balance:
What is q1?Show answer
On which side is the balance carried down inserted, and why? [2 marks]
What is q2?Show answer
A receivable account has debits totalling \7\,000\. State the balance and its type. [2 marks]
What is q3?Show answer
Explain what a credit balance on a supplier's account represents. [2 marks]
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