Balace carried and brought foward
bagpuss3008
Registered Posts: 32 Regular contributor ⭐
Hi all
I prepping for a resit! nice!
Quick question though...ive only ever dealt with opening and closing balances for the CBE practise papers on the AAT website deal with balance bfwd and cfwd. Which one is opening and closing bal??!
Im thinking carried is opening and brought foward is closing but i am all confused.
Thnaks for any help
Sarah
I prepping for a resit! nice!
Quick question though...ive only ever dealt with opening and closing balances for the CBE practise papers on the AAT website deal with balance bfwd and cfwd. Which one is opening and closing bal??!
Im thinking carried is opening and brought foward is closing but i am all confused.
Thnaks for any help
Sarah
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Comments
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Brought forward is opening and carried forward is closing - just remember they go in alphabetical order.0
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thanks Blue Wednesday, very useful :-)0
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Yup, i just remember it as..
Brought forward - you are bringing forward the balance from the previous year
Carried forward - you are carry the balance to the next year0
