Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 39 - No. 46)
What does it mean to 'balance' an account?
To make the debits equal to the credits.
To find the difference between the debit and credit sides.
To close the account at the end of the period.
All of the above.
Explanation
Balancing an account means making the debits equal to the credits, finding the difference (balance), and closing the account.
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