How to do accounting entries for various expenses and investments in a construction company?
Which items to take under Work-In-Progress?
Which items to take under Investments?
Which items to take under Direct and Indirect Expenses?
1 Replies
CA JITESH KHANDELWAL
(PRACTICE)
(80 Points)
Replied 26 June 2013
In a construction company accounting, we need to account for each contracts separately
All expenses incurred for a particular contract should be debited to that particular contract a/c (except assets pur for general use for any contract)
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