Balancing
After
the ledger posting the next stage is “balancing” the accounts , we
have seen that account is debited whenever its receives the
benefit of the transaction and is credited when ever it gives the
benefit of the transaction,Generally both the sides of account will
not be equal.Either the debit side total may be more than the credit
side total or the credit side total may be more than the debit side
total.An account is said to show a
debit balance if debit side is heavier and is said to show a credit
balance if the credit side is heavier.The process of showing the
debit or credit balance of a particular account ' or ' striking the
balance '
The difference between the
total debits and the total credits of an account is called the
balance.
'ie',,,, the net result of
debits and credits in an account is the balance.
Balancing
may be defined as the process of finding the difference between total
debits and total credits of an account and writing of the difference in the lighter side so that the total of two sides becomes equal.
