The debit side of a cash account totals Rs 75,000 and the credit side totals Rs 48,500. How is the account balanced?
Correct answer B. Balance c/d of Rs 26,500 entered on the credit side
Explanation
The difference 75,000 - 48,500 = Rs 26,500 is written on the smaller (credit) side as balance c/d, giving a debit balance brought down for the next period.
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