List Some Steps For Balancing Of Ledger Account?

1.	List Some Steps For Balancing Of Ledger Account?
Answer» This involves FOLLOWING steps: First TOTAL of both the sides are taken. Secondly DIFFERENCE between the totals of both the sides is CALCULATED. If the debit side is in EXCESS to the credit side then place the difference on the credit side by writing By Balance c/fd. If the total of credit side is in excess to the debit side, place the difference on the debit side by writing To Balance c/fd. After placing the difference on the appropriate side, make sure the totals of both the sides are equal. This involves following steps:

Answer»

This involves FOLLOWING steps:

First TOTAL of both the sides are taken.
Secondly DIFFERENCE between the totals of both the sides is CALCULATED.
If the debit side is in EXCESS to the credit side then place the difference on the credit side by writing By Balance c/fd.
If the total of credit side is in excess to the debit side, place the difference on the debit side by writing To Balance c/fd.
After placing the difference on the appropriate side, make sure the totals of both the sides are equal.

This involves following steps:

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