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Discussion > Accounts > A/c entries >

Accounting entries of construction company

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[ Scorecard : 93]
Posted On 29 November 2013 at 17:06 Report Abuse

What are the accounting entries in a Construction company/firm- 

1) For purchase of Land. 
2) For taking various approvals. 
3) For purchasing materials like Sand, Steel, Cement etc. Can we take Input VAT paid credit? 4) For services of a Civil Contractor, Architect. Entries related to Service tax, TDS etc. 
5) For WIP Entries.
6) For Sale of Units to Customer. 
 
ETC.

 

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