The total of the debit side of Lakshay`s account, a debtor of the company is Rs 40,000, while the total of the credit side is Rs 20,000. Which of the following is true in this regards as at 1st day of the next accounting year?

Rs 40,000 shall be the balance brought down written on debit side

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Rs 20,000 shall be the balance brought down written on debit side

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Rs 20,000 shall be the balance brought down written on credit side

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Rs 40,000 shall be the balance brought down written on credit side

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Solution

The correct option is B
Rs 20,000 shall be the balance brought down written on debit side

Rs 20,000 shall be the balance brought down written on debit side.

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The total of the debit side of Lakshay`s account, a debtor of the company is Rs 40,000, while the total of the credit side is Rs 20,000. Which of the following is true in this regards as at 1st day of the next accounting year?

The correct option is B Rs 20,000 shall be the balance brought down written on debit side Rs 20,000 shall be the balance brought down written on debit side.

The correct option is B
Rs 20,000 shall be the balance brought down written on debit side

Rs 20,000 shall be the balance brought down written on debit side.