Urgent

Rajesh Raman ( ) (292 Points)

13 September 2012  

I under took an accounting work of a works contractor they are doing  Interior Designing work of a hotel , It is a proprietary concern, my query is

  • Method of accouting we should applied for  (Contract Accounting or Normal accounting)
  • Book of accounts in which we have to maintained
  • what step to be taken for doing this job
  • which area we have to take more reasonable care
  • If we shold consider the Work in progress ( WIP) , WIP Reserve , Work certified and uncertified

Can any body Please replay immedietly, it is urgent

Thanks in advance