LIVE GST Certification Course by CA Arun Chhajer begins 21st April. Register Now!!

Project accounting

Mujeeb Ahmed (Accountant) (38 Points)

23 December 2015

I query is i am doing project account in Tally ERP9 latest version and the total project values is 1350000 and the payment will receive in part payment as the work in progress what entry should i pass in the client account for ex. XYZ Co.

Reply
Follow
Share

2 Replies

Mujeeb Ahmed (Accountant) (38 Points)
Replied 23 December 2015

I am doing a project account in Tally erp 9 latest version as the total value agreed for the works for the proejct is 13,50,000/- but the payment will receive in part payments as an when work in progress we claim 20% / 30% 50% like that what is the entry should i pass in the books of XYZ Co. in the begining of the project

Mujeeb Ahmed (Accountant) (38 Points)
Replied 23 December 2015

Originally posted by : Mujeeb Ahmed
	I am doing a project account in Tally erp 9 latest version as the total value agreed for the works for the proejct is 13,50,000/- but the payment will receive in part payments as an when work in progress we claim 20% / 30% 50% like that what is the entry should i pass in the books of XYZ Co. in the begining of the project