Doing a balance sheet. Trying to understand what Bal c/d, and Bal d/d means. It gives me the profit for the year then the payout also gives me the earnings for the year and then the two quotes above which I cannot find the definition of anywhere in my reading assignment.

Answer 1

I can tell you that Bal c/d is short for Balance carried down. As for Bal d/d could it be deferred something? Possibly "deferred debts?"

Sra