Paper 2 · November 2015 · Books of Original Entry
In S. Saka's sales ledger, T. Tasara's account shows a 'Balance b/d' entry of $1 800 on 1 December 2012. What does this entry represent?
AThe balance owed by T. Tasara, brought forward from the previous period
BA payment received in cash from T. Tasara
CDiscount allowed to T. Tasara in December
DGoods returned by T. Tasara during December
Explanation
A 'balance b/d' at the start of a period is the amount still owed by the debtor, carried forward from the account's previous balance.
Derived from ZIMSEC Principles of Accounts 7112/2 Paper 2, November 2015, Q2