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What do b/f c/f b/d c/d mean in financial accounting ?

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May 21 at 19:41:44
Abdul
Abdul
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b/f : When you start any account with the balance from -
- old books of account or previous year or
- that appearing on the earlier page,
you mention the same as b/f (balance brought-forward).

b/d : When you start any account with the balance from -
- previous month or
- that appearing immediately above,
you mention the same as b/d (balance brought-down)

c/f : When you total-up the debit & credit sides of an account & put the difference on the shorter side, so as to agree the totals, you mention the difference as c/f (balance carried-forward), if it is to be carried forward to -
- new books of account or next year or
- new page

c/d : When you total-up the debit & credit sides of an account & put the difference on the shorter side, so as to agree the totals, you mention the difference as c/d (balance carried-down), if it is to be carried forward to -
- next month or
- a line below in the same page

Hence,
- b/f is followed by c/f &
- b/d is followed by c/d
May 21 at 19:43:56
Muhammadbilal
Muhammadbilal
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