Answered

What is a "balance brought forward"?

A. The amount of money you transfer from another checking account
B. The amount of money you will owe in the future
C. The amount of money you have from the previous statement period
D. The amount of money you used to open your account

Please select the best answer from the choices provided.



Answer :

GinnyAnswer

Final answer:

Balance brought forward is the remaining amount from the previous statement period carried forward to the next period.


Explanation:

Balance brought forward refers to the amount of money you have from the previous statement period. It is the balance remaining from the previous accounting period that is carried forward to the next period.

For example, if your previous statement showed a balance of [tex]$100 and you had no additional transactions, that $[/tex]100 would be the balance brought forward in the next statement.


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