Menu
Entry
Dear Sir/ Mam ,
Kindly advice on below points ( ASAP) ...
1) what is depreciation rates on Computers , Laptop,Furnitures , A.C. ,MOBILE , FAN , REFRIGIRATORS , COOLERS , MACHINARY , TABLES , SCANNERS , ZEROX MACHINE , PRINTERS , PENDRIVE , CPU , ETC .
2) WHAT IS ABOVE ENTRY PASS IN OUR BOOK S OF ACCOUNTS ??
3) SUPPOSE WE PURCHASE LAPTOP VALUE OF 45500/- , WHATS ENTRY DEPRECIATION ????
4) CAN BOOK MOUSE , CALCULATORS , PENDRIVE AS ASSETS .
5) HOW PASS ENTRY OF BELOW ------
WE PURCHASE A NEW MOBILE WORTH RS. 11580./- //// WITH DEPRECIATION ENTRY ALSO ///////
Replies (1)
Refer this link for depreciationrates as per Income Tax Act
https://www.vohraandsehgal.com/utilities/depreciation.htm
Entry for purchase of an asset is:
Asset A/c DR.
To Cash/Bank/Creditor (Mode of payment)
Entry for depreciation is:
Depreciation A/c DR.
To Asset A/c
Recent Topics :
- GSTR 9 LATE FEE
- Best Online Mock Test Series for CA Inter January
- COST OF IMPROVEMENT
- Pillows and Mattresses
- GST Applicability for Reg. / Un-Reg. Indian custom
- Amended GST Act & Rules
- FAST DS 2026 MAIL QUERY
- Does Anyone need CA Foundation books of May2026 at
- Last day for ITR-U for AY 2023-2024 (FY 2022-2023)
- Sale of shares in indian company by a non resident
Related Topics :
CAclubindia
