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At the period-end, all the accounts will be closed off, to get a Dr or Cr balance. This is shown again here, with the brought-forward (b/f) figure from the previous period shown as well:

The c/f figure makes the account balance. If it is on the Cr side, the account must have a Dr balance, as the total of Dr entries exceeds the total of Cr entries.

Closing Off All The Accounts

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Last modified: May 29, 2008