9. What double entry is required to close off the following bank account at the end of the accounting period? BANK Opening balance b/f Sales Receivables GHC 300 Purchases 200 Wages and Salaries 38,200 Drawings GHC 12,000 18,500 1,000 300 Debit Side Credit Side Closing balance c/f GHC6,900. Opening balance b/f GHC6,900 Closing balance c/f GHC7,200. Opening balance b/f GHC7,200. Opening balance b/f GHC6,900 Closing balance c/f GHC6,900 Opening balance b/f GHC7,200 Closing balance c/f GHC7,200 A. С. D.

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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9. What double entry is required to close off the following bank account at the end of the
accounting period?
BANK
GHC
300 Purchases
200 Wages and Salaries
38,200 Drawings
GHC
Opening balance b/f
Sales
Receivables
12,000
18,500
1,000
300
Debit Side
Closing balance c/f GHC6,900.
Opening balance b/f GHC6,900
Closing balance c/f GHC7,200.
Opening balance b/f GHC7,200.
Credit Side
Opening balance b/f GHC6,900
Closing balance c/f GHC6,900
Opening balance b/f GHC7,200
Closing balance c/f GHC7,200
A.
C.
D.
Transcribed Image Text:9. What double entry is required to close off the following bank account at the end of the accounting period? BANK GHC 300 Purchases 200 Wages and Salaries 38,200 Drawings GHC Opening balance b/f Sales Receivables 12,000 18,500 1,000 300 Debit Side Closing balance c/f GHC6,900. Opening balance b/f GHC6,900 Closing balance c/f GHC7,200. Opening balance b/f GHC7,200. Credit Side Opening balance b/f GHC6,900 Closing balance c/f GHC6,900 Opening balance b/f GHC7,200 Closing balance c/f GHC7,200 A. C. D.
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