Accounting entry
This query is : Open
Sunil Singh Rawat
(Querist)
24 April 2017
Please tell me when we purchase self land & construction (make building ) on land & purchase building construction material (Cement, stone, tiles, M.S. Bars, Rodi, etc.) than accounting entry of construction material will book in which head.
Ashiwini Ballodia
(Expert)
24 April 2017
all the expenditure like raw material expect land will be transfer to Capital WIP (CWIP) and after completion of building CWIP will be transfer to Building account
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