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Write the meaning of carry forward and brought forward. |
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Answer» Carried forward: It is the process of taking the closing amount at the foot of the page of joumal/ledger etc. The short form is c/f. Brought forward: It is the process of bringing forward the amount of previous page at the top of next page. The short term form is b/f. Brought Forward (B/f) is used for brought forward in case we put opening balance in ledger posting we use an abbreviation of b/f. Carry Forward (C/f) abbreviation used for carry forward when we close ledger the remaining credit or debit balance known as carry forward balance. |
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