Which of the following is the closing balance of a ledger account? A. Balance c/d B. Balance b/d C. Balance e/d D. Balance f/c

The correct answer is: A. Balance c/d

A balance c/d is the closing balance of a ledger account. It is the amount of money that is left in the account at the end of the accounting period. The balance c/d is calculated by adding up all of the debits and credits to the account, and then subtracting

the credits from the debits.

A balance b/d is the balance of a ledger account at the beginning of the accounting period. It is the amount of money that is left in the account at the end of the previous accounting period. The balance b/d is carried forward to the balance c/d of the current accounting period.

A balance e/d is the estimated balance of a ledger account at the end of the accounting period. It is calculated by estimating the amount of money that will be in the account at the end of the period. The balance e/d is used to prepare the financial statements.

A balance f/c is the final balance of a ledger account. It is the amount of money that is left in the account after all of the transactions for the accounting period have been recorded. The balance f/c is carried forward to the balance b/d of the next accounting period.