what does balance foward mean?

0 ⤊

what does balance foward mean?

2006-11-02 08:33:28 · 3 answers · asked by sweetprincess 1 in Education & Reference ➔ Other - Education

3 answers

it is referring to a bill that is past due. the balance forward is the amount that was owed for the prior month that was not paid.

2006-11-02 08:35:55 · answer #1 · answered by daniel R 2 · 0⤊ 1⤋

the balance of an account at the beginning of a period.

real life example - you receive a statement from your bank for your checking account. the balance forward is the amount of money you had in your account on the last day of the prior period (month).

curious - what are you studying?

2006-11-02 08:37:09 · answer #2 · answered by annie - rainbow goddess 4 · 0⤊ 0⤋

In accounting it means the balance carried forward in an account from one accounting period to the next.

2006-11-02 08:36:56 · answer #3 · answered by ladybird 3 · 0⤊ 0⤋