UK Calculate balance carried forward

Joined
Feb 12, 2022
Messages
1
Reaction score
0
Country
United Kingdom
I'm new to accounting and am struggling to understand how this question was calculated. The answer is 10,800, but can anyone explain how this was worked out?
 

Attachments

Joined
Feb 13, 2022
Messages
1
Reaction score
0
Country
Pakistan
DescriptionPounds
Opening bank balance
2500​
Loan received
5000​
Sales
5750​
Electricity payment
-200​
Rent payment
-750​
Purchase of stock
-500​
Purchase of Computer
-1000​
Closing balance to carry forward
10800​
 

Ask a Question

Want to reply to this thread or ask your own question?

You'll need to choose a username for the site, which only take a couple of moments. After that, you can post your question and our members will help you out.

Ask a Question

Top