1. why profit on sale of fixed assets is transferred to p&l a/c and not to capital reserve(as 10)
2. why cg on depreciable asset is treated as short term u/s50

does builder can be treated as contracter and if not is there any A.S. or Guidance note on accounting of transaction?

bcoz as per me builder sells the building and land much before it gets completed so in substance lateron it works on behalf of buyer so is he can be governed by AS7?

When an employee is paid salary what will be the entry

Dear all,
A company has taken a loan to repay an existing loan. it has incurred certain amount of expenditure towards loan processing fee. The loan is repayable over five years. Can the processing fee be expensed over 5 years. i.e expenditure to the extent it relates to current year is charged to revenue and the rest is shown as prepaid to be expensed in subsequent years. Is this correct?

what is the diff b/w cash memo and the bill of purchase?

sir/Madam

sy.debtors Nu.33,51,498.74 is carryforward from many years ago till now. now i want to remove this doughtfull amounts from the assits side of Tally.

so, what is the entry in tally to remove this amount.

plz help me.

How to intimate of debtors and creditors at large scale

What should be the journal entry for following in the books of employee:
Motor Car Facility Rs. 100
Furniture Facility Rs. 20
TDS deducted by the employer suppose Rs. 5.

Please help...........

I have one doubt

what will be the accounting treatment for classes done by two employees for which the fees are paid by the company and the company has paid penalty to microsoft for license issue. both the things will go in which head? one effect will be through bank as it was paid by cheque.

can anyone tell me the journal entry to be passed in the books of trust for writing off an asset which had no value. example in books its shown as 2500 and it is not at all usable now. how may i go with jornals? thanks in advance.