B/F, an abbreviation for 'brought forward,' refers to an accounting practice where balances from a previous period are carried over to the current period, ensuring continuity in financial reporting. This term is crucial for maintaining accurate financial records year-over-year or across accounting periods.
In bookkeeping, the term 'brought forward' (b/f) describes an amount that is the total of the corresponding column on the previous page, helping ensure continuity and accuracy in financial records.
The balance brought forward at the beginning of an accounting period. Opening balances may be on the debit or the credit side of a ledger.
