CARRIED OVER Meaning and
Definition
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The term "carried over" refers to the act of transferring or moving something from one period or situation to another, typically from one accounting period to the next or from one project or event to another. It implies a continuation or persistence of an item or activity, rather than its complete cessation or termination.
In the context of financial accounting, "carried over" commonly denotes the process of transferring the remaining balance of a specific account or item from one accounting period, such as a month, quarter, or year, to the subsequent one. It involves incorporating the unresolved balances of revenue, expenses, assets, liabilities, or equity into the new period's accounting records.
This concept is crucial for maintaining accurate financial statements, as it allows for the accurate representation of the overall financial status of an entity. By carrying over balances, businesses can ensure consistency in reporting, reflect the cumulative effects of transactions, and enable comparisons across different periods.
Moreover, "carried over" can also be used beyond the financial realm, such as in sports or competitions, where it refers to the practice of passing or carrying forward the results, scores, or points obtained in one event or season to the next. This allows for the preservation of achievements, accomplishments, or accumulated advantages, which can impact future performance or outcomes.
Overall, the notion of "carried over" points to the continuity, transfer, or preservation of information, values, or results from a preceding period to a subsequent one, ensuring better understanding, accuracy, and efficiency in various domains.
Common Misspellings for CARRIED OVER
- xarried over
- varried over
- farried over
- darried over
- czrried over
- csrried over
- cwrried over
- cqrried over
- caeried over
- cadried over
- cafried over
- catried over
- ca5ried over
- ca4ried over
- careied over
- cardied over
- carfied over
- cartied over
- car5ied over
- car4ied over
Etymology of CARRIED OVER
The term "carried over" originates from the combination of the words "carry" and "over", both of which have distinct etymologies.
The word "carry" can be traced back to the Old Northern French "carier" or "charier", which meant "to transport in a vehicle". This Old French term derived from the Late Latin word "carricare", meaning "to load on a vehicle". Ultimately, it finds its roots in the Latin word "carrus", referring to a wheeled vehicle.
The word "over" stems from the Old English "ofor", which meant "beyond" or "across". In Old English, "ofor" was combined with various words to form compound adverbs indicating movement or position. Over time, this evolved into the Middle English "over".
Similar spelling words for CARRIED OVER
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