We have recently sold out our company's fixed assets like furniture & vehcile.... can anybody help me what could be the accounting process for it?

What will be the entry if i Paid advance(in cash) to my peon for Expenses

Dear Experts,
Pls. tell me how to calculate net worth of an individual, who is partner of a partnership firm. Pls. give me format for the same.

thanks.

Preliminary Expenses are Miscellaneous Assets they can not be said as Deffered Revenue Expenditure as no revenue is generated by the expense in any subsequent period then why do we w/off them yearly in accounts of a company (are they really considered as Deferred Revenue expenditure or they are w/off as it is provided that assessee can w/off them in the Income TAx act)

A Club, engaged in maintaining a restaurant in it, is providing free meals to its staffs. They are accounting the expenses in normal purchases. How to show the free meals provided to staff in accounts without ascertaining the particular purchases amount and through journal entry???

Dear Sir/Madam,

What are the taxes (e.g. Service tax, VAT, WCT, TDS etc.) applicable to a civil & interior decorator and how (tax break-up).

Two contractors (both civil and interior decoration) are carrying out their works at my office.

We are situated at Chennai, Tamilnadu

Total cost for the civil contractor is Rs.1,00,000/-
Total cost for the Interior Decorator is Rs.8,00,000/-

What type of taxes will apply to the above vendors? If the contractor provides relevant registration, the particular tax will be exempted.

I am not an accountant but for my job I need to know the procedure and calculations.

Pl. help me with some examples.

With regards
MadhuSudan

i want to know what is the marginal cost and how do i calculate,what is the variable cost & fixed cost and how do i calculate pls explan with example

What is Loose Tools. What is the criteria for classification a Assets as Loose Tools .

What is the difference between Due and Accrue

can ne1 explain 2 me the concept of ecgc/dicgc cover in case of banking companies??....as to why we create such a provision???