What is funds and liabilities brought forward?

Question

what is funds and liabilities brought forward in accounting

Answer 1

liabilities brought forward are amounts being accrued by the company or amounts not yet paid by the company from a previous period.

that is if a company`s year end is 31 december, all amounts not paid to credotors by that day will be refrered to as liabilties which needs to be paid on the next period