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.
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.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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