CARRYING FORWARD Meaning and
Definition
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Carrying forward refers to the act of moving something, such as information or resources, from one period or situation to another for the purpose of continuation or further development. It is a concept commonly used in various fields, including accounting, finance, project management, and personal goal setting.
In accounting, carrying forward usually involves transferring the balances of certain accounts from one accounting period to the next. This can be done for assets, liabilities, revenues, and expenses to ensure an accurate representation of a company's financial position and performance over time. By carrying forward these balances, companies can maintain continuity and track changes in their financial statements.
Carrying forward is also relevant in finance, particularly when calculating gains, losses, or tax credits. When an individual or business incurs a net operating loss or investment loss in a given period, they may be allowed to carry forward that loss to offset future taxable income. This provision helps to reduce taxable liabilities and provides a financial benefit by allowing losses to be utilized in subsequent years.
In project management, carrying forward refers to carrying over unfinished or pending activities from one phase or project to the next. By carrying forward these tasks, project managers ensure a smooth transition and prevent any disruption in the project's progress.
Overall, carrying forward involves the transfer or continuation of something from one point to another, often with the goal of maintaining continuity, tracking changes, or achieving further progression.
Common Misspellings for CARRYING FORWARD
- xarrying forward
- varrying forward
- farrying forward
- darrying forward
- czrrying forward
- csrrying forward
- cwrrying forward
- cqrrying forward
- caerying forward
- cadrying forward
- cafrying forward
- catrying forward
- ca5rying forward
- ca4rying forward
- careying forward
- cardying forward
- carfying forward
- cartying forward
- car5ying forward
- car4ying forward
Etymology of CARRYING FORWARD
The term "carrying forward" is derived from the verb "carry" and the adverb/adjective "forward".
The word "carry" has its roots in Old Northern French and Old French, derived from the Latin word "carricare", meaning "to load, burden, or convey". It entered the English language in the 14th century.
The word "forward" comes from Middle English and Old English, from the combination of "for-" meaning "in front" and "-ward" meaning "direction". It dates back to the 9th century.
When used together as "carrying forward", the phrase signifies the action of moving or transferring something from one point or period to the next, often in a sequential manner or for the purpose of continuing or progressing.
Similar spelling words for CARRYING FORWARD
