What does balance c/f mean?
balance carried forward
c/f means balance carried forward When you total-up the debit & credit sides of an account & put the difference on the shorter side, so as to agree the totals, if it is to be carried forward to; – new books of account or accounting from next year or.
What is balance B F and C F?
Balance C/f stands for Balance Carried Forward. Balance B/f stands for Balance Brought Down. Balance c/f are those closing balances (or balancing amount) at the end of the month that you wish to carry forward to next month or Previous balance on an account which is carried over to the next billing period.
What is the meaning of CF in accounting?
Cash Flow (CF) is the increase or decrease in the amount of money a business, institution, or individual has. In finance, the term is used to describe the amount of cash (currency) that is generated or consumed in a given time period.
WHAT is C F in payslip?
Hi, BF means you have taken from the previous month to current month. CF is putting to next month. for arrears initially it will be CF to next month and that will be BF to the current month. John.
What is the difference between BF and CF in accounting?
A closing balance becomes the C/F balance on a ledger. Similarly, the opening balance means B/F from the previous accounting period or ledger page. The only difference between a B/F and an opening balance is that a B/F balance always comes from a previous accounting period.
What does balance c/d mean?
Carried down
‘Balance c/d shows the closing balance of the account. Carried down (c/d) can be written on both at the debit and credit side, while closing personal and real accounts, c/d here means carried down to the next period.
What is CTC in banking terms?
The CTC full form is the cost to company and the full form clearly defines that it is not the net salary whereas the bank will give you a loan on the basis of net salary and not the CTC.
What is balance b D and C D?
Balance B/D – is the balance brought down as opening balance of a ledger pulled from the previous accounting period. Balance C/D – is the balance carried down as the closing balance of a ledger pushed to the next accounting period. If Debit side > Credit side it is called Debit Balance.
What is balance b/d and balance C D?
What is a C in accounting?
A/C is an abbreviation for account/ current An account/ current is used to help determine a company’s balance of trade. It consists of all the earnings taken in from foreign investments minus the money paid to foreign investors. https://accounting.uworld.com/cpa-review/lc/accounting-dictionary/term/ac/
What is the CTC for 30000 salary?
If your salary is 30000 Rs per month, then your salary structure will consist 50-60% basic wage, 40% HRA (for non metro cities) and 50% (for metro cities), 1600 Rs for conveyance allowance, 1250 Rs for medical allowances, and remaining amount will be included in other allowances (or) special allowances.
What is CTC example?
CTC in colloquial terms is the cost an employer bears to hire and sustain its employees. Formula: CTC = Gross Salary + Benefits. If an employee’s salary is ₹40,000 and the company pays an additional ₹5,000 for their health insurance, the CTC is ₹45,000. Employees may not directly receive the CTC amount as cash.
Can CTC be monthly?
CTC is inclusive of monthly components such as basic pay, various allowances, reimbursements, etc. and annual components such as gratuity, annual variable pay, annual bonus, etc.
What is an a C statement?
Key Takeaways. An account statement is a periodic statement summarizing account activity over a set period of time. Account statements can be thought of as a summary of the account and include statements of services provided, fees charged, and money owed.
What does a C stand for?
air conditioning
AC stands for air conditioning.
How is CTC calculated?
CTC is calculated by adding salary and additional benefits that an employee receives such as EPF, gratuity, house allowance, food coupons, medical insurance, travel expense and so on. CTC in colloquial terms is the cost an employer bears to hire and sustain its employees. Formula: CTC = Gross Salary + Benefits.