What is typically included at the beginning of a statement?

The balance brought forward from previous transactions is commonly included at the beginning of a statement. This figure represents the total amount that remains from the previous accounting period, providing a clear starting point for the current statement period. It helps the reader understand their financial position by showing what they carried over before any new transactions or balances were added during the current period. This starting balance is essential for reconciling accounts and monitoring changes over time.

In contrast, while the due date for payment, the closing balance from the previous month, and the list of new charges incurred are relevant financial details, they typically appear in different sections of the statement rather than at the very beginning. The due date might indicate when payments need to be made, the closing balance reflects the total at the end of the reporting period, and new charges would likely be detailed throughout the statement instead of as an opening item.