Accounting entries and heads for construction co.

Rahul Agarwal (Accountant) (98 Points)

25 September 2013  

What are the accounting entries and accounting heads for various expenditure in a construction company? Following is the list- 

1) Amount paid to Contractor 
2) Amount paid to owner of Land as advance for constructing on his land and later adjustable against some portion given to him 
3) Staff for supervision 
4) Security guard 
5) Various approvals for building 
6) Municipality fees 
7) Material purchased