Accounting transactions are made up of credit and debit. it is either the transactions are given out value or are receiving value. when this transactions are posted, there is every need to balance it up. this can be achieve using the steps below:
first: Add the transaction on the debit(INFLOW) side of the Cashbook and also that of the Credit (OUTFlow).
secondly: subtract the total value of Credit (Outflow) from Debit (Inflow) value.
Thirdly: write up the difference as balance c/d under Credit(Outflow)
lastly: transfer thesame amount to the debit(Inflow) side as Balance B/d
The balance is used for next month as opening balance
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