Query: During project construction ,some scrap is generated and it is sold. plz tell me :
1) whether the project cost can be reduced by the income earned or
2) it is to be credited to profit and loss account
Query: During project construction ,some scrap is generated and it is sold. plz tell me :
1) whether the project cost can be reduced by the income earned or
2) it is to be credited to profit and loss account
Answer would be to reduce the project cost
reduce the project cost
CAclubindia
