Glossary entry (derived from question below)
English term or phrase:
carried forward / brought forward
English answer:
carried forward from, brought forward to
Added to glossary by
Jack Doughty
Apr 2, 2002 13:45
22 yrs ago
104 viewers *
English term
carried forward / brought forward
English
Bus/Financial
Accounting
Accounting
Could somebody please explain to me the difference between "carried forward" and "brought forward"? These terms come together in my translations and there must be some kind of subtle difference.
People with accounting experience, please... :-)
Thanks so much!
People with accounting experience, please... :-)
Thanks so much!
Responses
+9
23 mins
Selected
carried forward from, brought forward to
Sorry, I'm not an experienced accountant, but as I understand these terms and use them for my personal accounts, where a column of figures is added up on one page to be transferred to another, the total at the bottom of the first page is marked "carried forward" and the total figure is put at the top of the next page and marked "brought forward". Sums can similarly be "carried forward" from one financial year, or month, etc., and "brought forward" to the next.
4 KudoZ points awarded for this answer.
Comment: "Thanks, Jack, I suspected that's the difference and you've just confirmed it. At least in the context I am dealing with. Elena is wrong to think it's as simple as translate it for "traída" y "llevada" because we're talking accounting here! To word this in Spanish it's far more complicated. "Suma y sigue" or "a cuenta nueva" are possibilities, completely different! That's not the issue, anyway, I just wanted the opinion of a native speaker with practical experience and there you are! Thanks to the others too. "
+2
26 mins
There is no difference
"Carried forward" and "Brought forward" have the same meaning.
Regards,
Regards,
+1
2 hrs
See examples below.
Examples of use:
1. If a company has made a loss this year it can "carry forward" the loss to next year to offset it against next years profit.
2. If a company was planning a major investment next year but generated more profit this year than expected it could "bring forward" the investment to this year.
1. If a company has made a loss this year it can "carry forward" the loss to next year to offset it against next years profit.
2. If a company was planning a major investment next year but generated more profit this year than expected it could "bring forward" the investment to this year.
Reference:
9 hrs
Carried forward, brought forward
Bring forward:
1. To carry (a sum) from one page or column to another.
2. To bring forward the commencement date of a meeting
Carry forward:
1. A balance at year-end is carried forward into the new fiscal year
e.g. Budget savings will be carried forward in a lump sum as an addition to the current year budget
2.Up to 1994 the carry forward was defined as the budget minus actual. From 1995, the carry forward will be the resultant surplus or deficit after all income and expenditure items, asset additions and transfers to and from reserves have been brought to account.
Carry Forward = Income - (Expense + Additions - Depreciation)
1. To carry (a sum) from one page or column to another.
2. To bring forward the commencement date of a meeting
Carry forward:
1. A balance at year-end is carried forward into the new fiscal year
e.g. Budget savings will be carried forward in a lump sum as an addition to the current year budget
2.Up to 1994 the carry forward was defined as the budget minus actual. From 1995, the carry forward will be the resultant surplus or deficit after all income and expenditure items, asset additions and transfers to and from reserves have been brought to account.
Carry Forward = Income - (Expense + Additions - Depreciation)
Something went wrong...