Question

5. Find the current balance for this balance sheet. Previous balance Deposit Expense Current balance +$246 +$12 -$90​

Answer 1

The current balance for this balance sheet is $168.00.

Explanation:

The previous balance of the balance sheet was $246, and there was a deposit of $12, and an expensive deduction of $90. Therefore the current balance for this balance sheet would be 246 + 12 - 90 = 258 - 90 = $168.00.

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Answer 2

Current balance = Previous balance + Deposit - Expense

Current balance = +$246 + $12 - $90

Current balance = +$168