what is the accounting and tax treatment for UPS batteries purchased by replacing the old one?.The payment is made for new ones after adjusting the value of old batteries.
Menu
Depreciation for ups
Replies (1)
NEW BATTERY A/C DR
LOSS ON REPLACEMENT OF OLD BATTERY ( IF LOSS) DR
TO OLD BATTERY
TO GAIN ON REPALCEMENT OF OLD BATTERY ( IF GAIN )
TO CASH
Recent Topics :
- On which amount 200% penalty under section 270A is
- RECEIVED INTIMATION U/S 399 FOR TDS PAYMENT ON PRO
- How do CA firms track SEBI/AMFI circulars and dead
- Jurisdictional validity of Sec 148 notice after fa
- Taxable Income or Not
- GST Input Tax Credit (ITC) on Camera Purchase &
- What makes CA Himanshu Singla different from other
- TAX TREATMENT AND ACCOUNTING ENTRIEOF PERQUISITES
- Gifting money to my father-in-law (my husband's da
- GSTR-1 JSON from marketplace exports (Myntra / Ama
Related Topics :
CAclubindia
