The balance of an account is determined by calculating the difference between the total debits and total credits recorded up to a specific date. Based on the provided options and the context of standard ledger balancing, the net result of the transactions up to May 13 yields a credit balance of £120.

In double-entry bookkeeping, the balance of an account is determined by the difference between the total debits and total credits. If the sum of the credit side is greater than the sum of the debit side, the account is said to have a credit balance.

Balancing is the process of determining the net difference between the total of the debit side and the total of the credit side of a ledger account. This resulting figure is known as the closing balance, which is then carried forward to the next accounting period.

The closing balance of an account is determined by calculating the difference between the total debits and total credits. If the total debit side exceeds the total credit side, the account maintains a debit balance. In this context, the calculation results in a net debit balance of £225, which is carried forward to the next accounting period.

A credit balance in an account indicates that the sum of all entries on the credit side is greater than the sum of all entries on the debit side. This is standard for liability, equity, and revenue accounts, reflecting the net position of that specific account at a given point in time.

To balance an account, the difference between the debit and credit totals is added to the side with the smaller sum. This ensures that both sides of the account reflect equal totals, allowing the account to be closed or carried forward.

In double-entry bookkeeping, an account is said to have a debit balance when the sum of all entries on the debit side is greater than the sum of all entries on the credit side. This balance is carried forward to the next period as a debit, representing an asset or an expense account's standing.

The difference between the two sides of an account is known as the account balance. While 'Brought forward' (b/d) refers to the balance carried from a previous period, the term 'Balance' is the general descriptor for the net difference. Note: The provided answer 'A' is technically a specific type of balance notation.

In ledger accounting, 'b/d' stands for 'brought down'. When an account has a debit balance at the start of a new period, it is recorded on the debit side as 'To Balance b/d'. This signifies that the balance from the previous period is being carried forward to the current period. The 'c/d' (carried down) notation is used at the end of the period to balance the account.

Balancing is the process of calculating the difference between the total debits and total credits in a ledger account at the end of a period. This resulting figure, known as the balance, is carried forward to the next period to represent the account's current status.