Accounting entry
This query is : Resolved
28 April 2017
in constructed new building we fitting 1.Electricity item (wire, pvc pipe, electric goods) 2. Sanitary ware ( water pipe,bathroom fittings, etc.) so please suggest account head for both items, weather its capitalize in Building (WIP) or other heads.
28 April 2017
I'll suggest to capitalize the transactions, as it is new installation and not repair. U may create a ledger office & equipment under fixed assets or create separate for office equipment and electric equipment.
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