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.
The Bought Ledger, also known as Creditors’ Ledger, is a sub-ledger accounting record that details all the credit purchases a company makes from its suppliers, providing a clear view of all owed amounts and due dates.
