Builder
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
12 July 2012
One of my client has started constrution of Building. As on 31-03-2012 there was no sale of flat or any advance received. how wil be the accounting done in such case for all expenses?
12 July 2012
its looking that ur clients business activity construction & then sale
in this case you should book all expenses(operating nature) in to stock wip
and non operating in to p& l a/c
in this case you should book all expenses(operating nature) in to stock wip
and non operating in to p& l a/c
Querist : Anonymous
Querist :
Anonymous
(Querist)
12 July 2012
Thank You Sir
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