How Do You Spell CARRY FORWARD?

Pronunciation: [kˈaɹi fˈɔːwəd] (IPA)

The spelling of the phrase "carry forward" is fairly straightforward when looking at its phonetic transcription. The word "carry" is pronounced as /ˈkæri/, with the stress on the first syllable. The word "forward" is pronounced as /ˈfɔrwərd/, with the stress on the second syllable. The spelling of the phrase follows the general rules of English, with the "r" sound being particularly important in both words. When putting the words together, the "r" sound is also emphasized to create a cohesive phrase.

CARRY FORWARD Meaning and Definition

1. Carry forward is a financial and accounting term that refers to the practice of transferring or moving certain items, such as losses, gains, profits, or unused credits, from one accounting period to another. It involves the forward accumulation or retention of these items to be utilized in future periods.

   In the context of losses or expenses, carry forward typically occurs when a business incurs more expenses than revenue in a particular accounting period. Instead of writing off these losses entirely, they can be carried forward to offset future profits or gains. This allows companies to mitigate the impact of losses and reduce their tax liabilities in subsequent periods.

   Similarly, gains or profits that exceed certain limitations can also be carried forward to offset future losses or expenses. This is commonly practiced to help companies balance their financial statements over time and smooth out fluctuations in their earnings performance.

   Moreover, carry forward can also apply to tax credits that a taxpayer is entitled to but unable to fully utilize in a given year. These unused credits can be carried forward to future years, allowing taxpayers to reduce their tax liabilities in subsequent periods.

   Overall, carry forward is a vital accounting and tax planning strategy that enables businesses and individuals to optimize their financial performance and manage tax obligations effectively.

Top Common Misspellings for CARRY FORWARD *

• carryforward 100%

* The statistics data for these misspellings percentages are collected from over 15,411,110 spell check sessions on www.spellchecker.net from Jan 2010 - Jun 2012.

Other Common Misspellings for CARRY FORWARD

• xarry forward
• varry forward
• farry forward
• darry forward
• czrry forward
• csrry forward
• cwrry forward
• cqrry forward
• caery forward
• cadry forward
• cafry forward
• catry forward
• ca5ry forward
• ca4ry forward
• carey forward
• cardy forward
• carfy forward
• carty forward
• car5y forward

Etymology of CARRY FORWARD

The term "carry forward" is derived from the combination of two words: "carry" and "forward".

The word "carry" has its roots in Old Northern French and Middle English. It comes from the Latin word "carricare", which means "to load" or "to burden". Over time, it developed various meanings, including "to transport", "to convey", "to hold", or "to support".

The word "forward" originated from the Old English word "forweard", which means "toward the front" or "ahead". It is a combination of the words "fore" (meaning "before" or "in front") and "weard" (meaning "ward" or "direction").

When combined, "carry forward" refers to the action of moving something or someone in a forward direction.

Idioms with the word CARRY FORWARD

• carry forward To continue or advance something that has already started or been initiated; to progress or extend a project, plan, or idea.

Similar spelling words for CARRY FORWARD

• carry-forward,
• carry over,
• carry-over.