TAX LOSS CARRY FORWARD/BACKWARD Definition

Bookmark and Share

TAX LOSS CARRY FORWARD/BACKWARD is a tax benefit that lets a company or individual to deduct losses in order to reduce a tax liability.

Learn new Accounting Terms

SPOILAGE is materials wasted or spoiled in the production process. See also ABNORMAL SPOILAGE and NORMAL SPOILAGE.

LOE see LIFTING & OPERATING EXPENSE.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.