Asset construction expenses

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Querist : Anonymous

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Querist : Anonymous (Querist)
30 September 2013 Dear Experts,

What is the accounting treatement in tally, for the expenditure incurred while constructing a building for business purpose.

01 October 2013 capitalize the same. keep accumulating expense under capital WIP.

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Querist : Anonymous

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Querist : Anonymous (Querist)
01 October 2013 Thank you sir

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Querist : Anonymous

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Querist : Anonymous (Querist)
01 October 2013 Also please tell me, what is the nature of account for safety helmets purchased for labours


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