Thanks, but I'm not sure this clears it up. According to what I have learnt there should be a Balance c/d before the sub totals and a balance b/d underneath. Is this wrong?
before the 10140 there is a c/d figure of 8140 this will be your new b/d figure for the next period. of 8140 I cannot see why stock should be in the question.
The 8140 is on the credit side as a closing balance.
and the 8140 as an opening balance in the next period.
Your original answer looked correct to me so could do with seeing the question.
Unfortunately I can't find the question in the book? What question / section / page are you looking at in the book?
I assume we're talking about the BPP Basic Bookkeeping for AAT students? Or AAT foundation unit 3? If you could let us know the ISBN that would probably be best.
I got my copies of these in a job lot off ebay so hope I've got the same version as yourself.
Its quite common for the text books to have errors in them so don't despair. It's probably you that is correct and the book that is wrong.
cheers,
Shaun.
__________________
Shaun
Responses are not meant as a substitute for professional advice. Answers are intended as outline only the advice of a qualified professional with access to all relevant information should be sought before acting on any response given.
You have obviously been asked to calculate the balancing figure on the account. The "carried down" figure is the end figure that is "carried down" to the beginning of the next period. When it has been "carried down", it becomes the "brought down" figure.
Debtors
Dr
Cr
Balance b/d
9,990
Bank
2,000
Stock
150
Balance c/d
8,140
10,140
10,140
Balance b/d
8,140
The question was probably asking for the c/d figure, which is the same as the b/d figure anyway. Like Davey I'm not sure why stock should be included in the debtors account?
Darn it, sorry, not one of the books that I have (got eight billy bookcases full but this unfortunately isn't amongst them).
However, by some eerie coincidence. Flipped open the BPP basic bookkeeping for AAT students book (ISBN 0 7517 1728 2) and on page 116 there's a blatant example of getting b/d and c/d mixed up.
I think that this really is a case that your book is incorrect (just a typo) and you are right.
I know that it really doesn't help when your learning that the books that one depends on get things wrong.
Long term texts rather than the BPP / Kaplan annually changed varieties tend to have far less faults in them. Could I advise that you get a copy of either Buisness Accounting volume 1 by Frank Wood and Alan Sangster or (and) Business Accounting for book-keeping and financial accounting courses by David Cox.
Either of those texts are perfect accompaniments for any bookkeeping or accountancy sylabus and they are much less likely to have faults in them as they have both run the gauntlet of time.
Good luck with your studies,
Shaun.
__________________
Shaun
Responses are not meant as a substitute for professional advice. Answers are intended as outline only the advice of a qualified professional with access to all relevant information should be sought before acting on any response given.