Question

Select the most appropriate alternatives from those given below and rewrite the sentence :

Carried down (c/d) balance indicates ________ balance.
a) opening
b) real
c) nominal
d) closing

Answer 1

Carried down (c/d) balance indicates closing balance.

Explanation:
Carried down balance indicates the closing balance of an account that is required to be carried forward to the next accounting period and becomes the opening balance in the next accounting year.