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Outline the procedure of balancing a ledger account.

Answers

- Identify the ledger account / title account
- Find the totals of debit side and credit side
- Get the difference between debit total and credit total
- Insert the difference on the side with the smaller total and label it as balance c/d
- Confirm and put the equal totals of the two sides and double underline each
- Transfer the account balance to the side with the greater total below it as balance b/d

sharon kalunda answered the question on September 5, 2019 at 13:41

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