What exactly does carry forward mean in accounting? How do I carry it over? Can anyone explain it in

Carryover orPeriod-end carryover, which refers to the transfer of the balance or difference from one account to another account at the end of the period. There are two accounts involved here, the former is the transfer-out account and the latter is the transfer-in account, and generally speaking, after the carry-over, the transfer-out account will have no balance.

Carry-forward is an important specific business in accounting work, usually it is to put an account.

The practice of transferring the amount and balance to this account or another account is called carry-forward.

There are four purposes for carry-forwarding: one is to carry out the balance of this account; the second is to calculate the cost for the reporting period; third, it is to calculate the profit and loss and the realization of profit in the current period; Fourth, in order to maintain the continuity of accounting work, it is necessary to put the current fiscal year.

The balance at the end of the year is carried over to the next fiscal year.

Basic Meaning:

The so-called "carry-forward" is an important specific business in accounting work, usually it is the practice of transferring the amount and balance of one accounting account to the account or another accounting account, which is called carry-forward.

There are four main purposes for carry-over:

First, it is to settle the balance of this account.

Second, it is for the purpose of calculating the cost for the reporting period.

third, it is to calculate the profit and loss and the realization of profit in the current period;

Fourth, in order to maintain the continuity of accounting work, it is necessary to transfer the balance at the end of the current fiscal year to the next fiscal year.

The above content reference: Encyclopedia - Carryover.

Hello, the carry-forward in accounting refers to the accounting treatment, and the accounting carry-forward is done through the preparation of accounting vouchers, summarization, parallel registration of general ledger and sub-ledger and other specific accounting operations.

When the profit of the income class is carried forward, the income account is borrowed to credit the profit of the current year, and after the carryover, there is no balance at the end of the income account. When the profit is carried forward from the expense cost account, the profit of the current year is borrowed and the expense cost account is credited, and after the transfer, there is no balance of the expense cost account, and the expense cost affects the profit, and then, the difference between the debit and credit of the current year's profit account is the profit realized in the current year.

Carry-forward means settlement transfer. Carry-forward (or period-end carry-forward) refers to the transfer of the balance or difference of one account to another account at the end of the period.

Generally speaking, carry-over is the process of transferring the balance or difference of one account to another account at the end of the year or at the end of a certain period, after which there will be no balance in the previous account.

Hello, the simple understanding is the meaning of settlement and transfer, the accounting system stipulates that there should be no balance at the end of the period of income, expense and cost accounts, and they should be carried forward through the carry-over operation. For example, if the income balance is on the credit side, it is necessary to borrow: income loan: profit for the current year. Wish!!

If the subject finds this problem in the accounting equation, then a carry-forward can refer narrowly to an account that was originally on the debit side is carried forward to the credit side.

Carry-forward generally refers to the operation of transferring costs and expenses and income to the profit of the current year when preparing to close the accounts at the end of the year and issuing the annual statement.

Because revenues and costs are recorded one by one when they occur throughout the year, the profit for the year is formed by all the revenues and expenses for the year. In order to reflect the total profit of a year, all the figures of income and expenses are transferred from their current account to the current year's profit account, and the difference between the borrowers and borrowers is the current year's profit.

Moreover, the profit and loss statement of the enterprise is reported every year, and the profit and loss, that is, income and costs, are all periods, unlike assets, liabilities and owners' equity, which can be accumulated over the years. Carrying forward the profit for the current year is also the process of zeroing out the profit and loss account.

Carry-forward (or period-end carry-forward) refers to the transfer of the balance or difference of one account to another account at the end of the period.

There are two accounts involved here, the former is the transfer-out account, the latter is the transfer-in account, generally speaking, after the virtual bucket is carried forward, the transfer-out account will have no balance.

The so-called "carry-forward" is an important specific business in accounting work, usually it is the practice of transferring the amount and balance of an accounting account to this account or another accounting account, which is called carry-over.

There are four purposes for carry-forwarding: one is to carry out the balance of this account; the second is to calculate the cost of the reporting period; third, it is to calculate the profit and loss and the realization of profit in the current period; Fourth, in order to maintain the continuity of accounting work, it is necessary to transfer the balance at the end of the current fiscal year to the next fiscal year.

"Carry-forward" is an important part of accounting treatment: at the end of the accounting period, expenses need to be carried forward, sales income needs to be carried forward, and profits of the year need to be carried forward. The so-called carry-over of honor and filial piety is to carry out accounting treatment, and the accounting carry-over is completed through the preparation of accounting vouchers, summarization, parallel registration of general ledger and sub-ledger and other specific accounting operations.

1.So so. Revenue.

It's all from it. Debit.

Into. Profit for the year.

Creditor. Borrow: "Business Income", "Other Business Income", "Subsidy Income", "Non-operating Income" and other accounts, Credit: "Profit of the Year".

2.Cost classes are transferred from their credits to the current year's profit debits.

The "Profit for the Year" account is debited, and the "Cost of Main Business", "Tax and Surcharge of Main Business", "Other Business Branches", "Operating Expenses", "Management Expenses", "Financial Expenses", "Non-operating Expenses", "Income Tax" and other accounts are credited.

3.When carrying forward the net income of the "Investment Income" account, the "Investment Income" account is borrowed.

Credit: "Profit for the Year" account.

If so. Net loss.

Do the opposite. Accounting entries.

What is the meaning of carry-forward in accounting is introduced as follows:, which refers to the transfer of the balance or difference from one account to another account at the end of the period.

The ones that need to be carried forward are roughly as follows:

1. Carry forward the manufacturing expenses, and transfer the balance of manufacturing expenses to the production costs before calculating the costs at the end of the period, and the entries are.

1) Borrow the cost of production.

2) Loan manufacturing costs.

2. Carry forward the cost of finished products, transfer out the production costs borne by finished products, and the entries are.

1) Borrowing inventory goods to credit production costs.

3. Carry forward the cost of sales, carry forward the inventory cost of the products sold, and the entries are.

1) Borrow the cost of the main business and credit the inventory of goods.

4. After all the above chains are completed, they will be carried forward at the end of the month, and the income class will be carried forward first, and the entries will be.

1) Borrowing main business income Other business income Non-operating income Credit Profit for the year.

5. Re-carry forward the cost of expenses.

1) Borrow the current year's profits.

2) The cost of the business of the lender's shed.

3) Other operating expenses, non-operating expenses, business taxes and surcharges, administrative expenses, sales expenses, financial expenses.

6. Finally, the balance of the current year's profit will be transferred to the profit distribution undistributed profit (which can be done at the end of the year), and the entry is.

Profit. 1) Borrowing current year's profits, crediting profit distribution, undistributed profit loss.

2) Profit distribution - undistributed profit concession.

3) Credit profit for the current year.