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

A balance brought forward is the amount of money carried over from the previous accounting period into the current one. The correct answer is option C, which states that this amount reflects the previous statement period's balance. Understanding this concept is crucial for effectively managing your finances.
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Answered by Anonymous | 2025-07-04

A balance brought forward is the amount of money from the previous period that is carried over into the current statement period. It is essential for understanding your financial status as it helps track changes over time. The correct answer from the options provided is option C. ;

Answered by GinnyAnswer | 2025-07-04