please Guide me on contractor profit & loss account
This query is : Resolved
abidul islam
(Querist)
24 August 2010
Sir,
In contruction contract final a/c whether we have to prepare seperate contract a/c for each contract or to show them combinely in one profit & loss a/c?
In contruction contract final a/c whether we have to prepare seperate contract a/c for each contract or to show them combinely in one profit & loss a/c?
CMA Ramesh Krishnan
(Expert)
24 August 2010
Each project need to maintain the accounts and find the profit/loss separatly and consolidate the same
Hitender Gaur
(Expert)
01 December 2010
Yes Ramehs is right
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