Accounting entry

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Sunil Singh Rawat (Querist)
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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

Ashiwini Ballodia (Expert)
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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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