Write the meaning of carried down and Brought down.

1.	Write the meaning of carried down and Brought down.
Answer» Carried down: It is the process of taking a balance of an account to the next period at the time of its closing. The short term is c/d. Brought down: It is the process of bringing down the closing balance of the previous period to current year in the same account. It indicates opening balance.The short term is b/d. Carried down: used to refer to an amount at the end of an accounting period that is entered at the beginning of the next period. Brought down: It is the process of bringing down the closing balance of the previous period to the current year in the same account. It indicates an opening balance. The short term is b/d.

Answer»

Carried down: It is the process of taking a balance of an account to the next period at the time of its closing. The short term is c/d.

Brought down: It is the process of bringing down the closing balance of the previous period to current year in the same account. It indicates opening balance.The short term is b/d.

Carried down: used to refer to an amount at the end of an accounting period that is entered at the beginning of the next period.

Brought down: It is the process of bringing down the closing balance of the previous period to the current year in the same account. It indicates an opening balance. The short term is b/d.

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