Brownlee Ltd is a newly established retail store selling plumbing hardware.Shown below are ledger accounts in T-account form,with entries made for the first three months of business.
- What is the closing balance of the bank account?

Question

Brownlee Ltd is a newly established retail store selling plumbing hardware.Shown below are ledger accounts in T-account form,with entries made for the first three months of business. 
- What is the closing balance of the bank account?

Quizplus · Accepted Answer

The closing balance is calculated by adding the initial balance and any deposits, then subtracting any withdrawals. The correct choice is based on the given transactions and initial balance.

Brownlee Ltd Is a Newly Established Retail Store Selling Plumbing