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What Is the Correct Closing Description for the Following Account

Question 16

Multiple Choice

What is the correct closing description for the following account at the year end 31 January?-Drawings account
What is the correct closing description for the following account at the year end 31 January?-Drawings account    A)  Income statement: £420 B)  Balance carried down: £420 C)  Balance brought down: £420 D)  Capital account: £420


A) Income statement: £420
B) Balance carried down: £420
C) Balance brought down: £420
D) Capital account: £420

Correct Answer:

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