Capital allowances and Credit balance: Difference between pages

Revision as of 12:28, 5 August 2013

Financial accounting. This is either a liability or capital within the balance sheet, or revenue within the profit and loss account (or income statement).
Banking. In banking a credit balance - in the bank's records - is one which stands in favour of the customer. The bank owes money to the customer. (Contrasted with a debit balance in the bank's records. Being a balance standing in favour of the bank.)

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+#''Financial accounting. '' This is either a liability or capital within the balance sheet, or revenue within the profit and loss account (or income statement).
+#''Banking. ''In banking a credit balance - in the bank's records - is one which stands in favour of the customer.  The bank owes money to the customer.  (Contrasted with a debit balance in the bank's records.  Being a balance standing in favour of the bank.)
-''UK tax.''
-Relief from income tax and corporation tax based on eligible capital expenditure.
-The rate of relief depends on the amount and the nature of the expenditure.
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-Similar relief under other tax systems, often known as 'tax depreciation'.
 == See also ==
-* [[100% capital allowance]]
+* [[Balance sheet]]
-* [[Annual Investment Allowance]]
+* [[Capital]]
-* [[Balancing allowances]]
+* [[Debit balance]]
-* [[Balancing charges]]
+* [[Liabilities]]
-* [[Capital expenditure]]
+* [[Profit and Loss account]]
-* [[Corporation Tax]]
-* [[Depreciation]]
-* [[First year allowance]]
-* [[General pool]]
-* [[Income Tax]]
-* [[Industrial Buildings Allowance]]
-* [[Qualifying expenditure]]
-* [[Tax depreciation]]
-* [[Tax written down value]]
-* [[Writing down allowance]]
-* [[CertICM]]
-[[Category:Accounting,_tax_and_regulation]]