Accounting treatment of excavator replacing old ones with new ones
Received a new excavator:
Borrow: fixed assets
Taxes payable-VAT payable-input tax
Loans: accounts payable, etc.
Exchange of old excavators:
Fixed assets transferred to fixed assets liquidation:
Debit: liquidation of fixed assets
accumulated depreciation
Debit: provision for impairment of fixed assets
Loans: fixed assets
Money received from the sale of fixed assets:
Debit: accounts payable, etc.
Loan: liquidation of fixed assets
Taxes payable-VAT payable-output tax
Carry forward liquidation gains and losses:
Debit: gains and losses from asset disposal
Loan: liquidation of fixed assets
If the sales are profitable, make the opposite entry.
Accounting treatment of leasing excavator
1. The rental of machinery and equipment by the company depends on the charging period of the contract period. If the lease term is the current month and the next month, then:
Debit: accounts receivable
Loan: income from main business
The lease term of machinery and equipment is one year, and if the fees are charged after one year, it will be calculated according to1February:
Debit: accounts receivable
Loan: income from main business
Second, the company's business is mainly renting excavators, and the income from renting excavators can be regarded as a main business income. Debit accounts receivable or cash on hand or bank deposits, and credit the income from main business; At the same time, the excavator depreciates the equipment, and the oil cost and daily maintenance cost incurred are recorded in the operating cost or period cost.
At the end of the month, summarize all costs and expenses, transfer the difference between income and costs and expenses to the profit of this year, and balance the profit and loss accounts.