Home For AAT student members AQ 2016 Advanced Diploma in Accounting Final Accounts Preparation
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Help with question on mock exam

sophie_612sophie_612 LondonRegistered Posts: 107

Would someone be able to explain how to answer this question please.

the answer is £1459 - credit

I have my exam tomorrow and worried this may come up and need to know how to work out the answer.



  • mikelevenemikelevene Registered Posts: 5
    at the top on the right side are the balances. Bank has 3811 debit side.

    so 3811 + 200,448 receipts = 204259
    credit side payments 205718

    difference 1459 debit side. Balance C/D

    its asking you the opening balance, so will be on credit side.

    hope that helps.
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