Balancing Charge

Business, Legal & Accounting Glossary

Definition: Balancing Charge


Balancing Charge


Full Definition of Balancing Charge


The amount by which the sale price of an asset will exceed its written down value. This written down value is actually thought to be the actual value of that asset for purposes of taxation. Therefore, the balancing charge will be considered as profit and it will be taxable.


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https://payrollheaven.com/define/balancing-charge/
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Balancing Charge. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
December 07, 2021 https://payrollheaven.com/define/balancing-charge/.
Chicago Manual of Style (CMS):
Balancing Charge. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/balancing-charge/ (accessed: December 07, 2021).
American Psychological Association (APA):
Balancing Charge. PayrollHeaven.com. Retrieved December 07, 2021
, from PayrollHeaven.com website: https://payrollheaven.com/define/balancing-charge/

Definition Sources


Definitions for Balancing Charge are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.