Practice Assessment 2

Nora111
Nora111 Registered Posts: 5 New contributor 🐸
in Final Accounts Preparation
In question 1 there is bank balances on 31 March first is credit and second debit. In the answers in bank T account both are on credit site. Can anyone explain to me why please?

Comments

  • Krisso
    Krisso Registered Posts: 124 Dedicated contributor 🦉
    The bank balances work the other way, you have a b/d balance from the previous year and a c/d balance for the current year without seeing the question physically I can't answer for definite but I suspect overdrawn balance b/d from previous year and you are in credit for the current year which is why the carried down and brought down would be on the credit side
  • Nora111
    Nora111 Registered Posts: 5 New contributor 🐸
    thank you for your help, I understand what you are seeing but in the question is this


  • Nora111
    Nora111 Registered Posts: 5 New contributor 🐸
    thank you for your help, I understand what you are seeing but in the question is this


  • Nora111
    Nora111 Registered Posts: 5 New contributor 🐸
    thank you for your help, I understand what you are seeing but in the question is this from AAT practice assessment L3 Q1. If you could see it and help me I really appreciate it



  • Nora111
    Nora111 Registered Posts: 5 New contributor 🐸
    thank you for your help, I understand what you are seeing but in the question is this from AAT practice assessment L3 Q1. If you could see it and help me I really appreciate it



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