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What I meant was transactions in general per say sales, purchases or make payments.
Carry transaction
Undertake transactions ie sales or make payments.
I asked the question because you are advise to look out for these when checking related parties.
Well I have seen in revision kits and text books working it out like the following:
-20(bal bf)
-10(Is charge)
+20(bal c/f)
A reverse approach is used for working out ppe as well.
My question is why have – for bal b/f and charge for period.
Thanks
