21 September 2009
On what basis general admin. & selling expenses is to be apportioned in construction business? What basis is to be adopted to apportion among projects..... say 2-3 projects. Whether this is to be taken before or after arriving % of completion?
21 September 2009
Admin and selling expenses should be debited to profit and loss account as a cumulative and should not be apportioned to the project.
CAclubindia
