单词 | carry back |
释义 | carry back in British English tax accounting verb 1. (tr, adverb) to apply (a legally permitted credit, esp an operating loss) to the taxable income of previous years in order to ease the overall tax burden noun carry-back 2. an amount carried back carry-back in British English (ˈkærɪˌbæk) noun tax accounting an amount carried back carry back in Accounting (kæri bæk) Word forms: (present) carries back, (past) carried back, (perfect) carried back, (progressive) carrying back verb Related words Phrasal verbsThere are several phrasal verbs that are commonly used in bookkeeping. Carry back means to apply an amount to a previous tax year, bring over relates to bringing an amount from the previous to the current period, while carry forward and carry over relate to bringing amounts from the current to the next period.If you set off a debit from one account against credit from another, you deduct it. If you write down an asset, you increase its book value, and if you write off a bad debt, you cancel it from the accounts.(Accounting: Tax) If you carry back a loss or credit, you apply it to a previous tax year. The legislation will reduce the amount of losses that can be carried back for tax purposes by corporations that replace equity with debt. A net operating loss must first be carried back to the third year preceding the year in which it was sustained. If you carry back a loss or credit, you apply it to a previous tax year. Examples of 'carry back' in a sentence |
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