Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 21 - No. 31)
What does "carried down" represent in a ledger account?
The balance brought forward to the next period.
The total of the debit side.
The total of the credit side.
A transaction that is not yet completed.
Explanation
"Carried down" represents the balance of an account transferred to the next accounting period.
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