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Querist : Anonymous

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Querist : Anonymous (Querist)
12 July 2012 One of my client has started constrution of Building. As on 31-03-2012 there was no sale of flat or any advance received. how wil be the accounting done in such case for all expenses?

12 July 2012 its looking that ur clients business activity construction & then sale

in this case you should book all expenses(operating nature) in to stock wip
and non operating in to p& l a/c

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Querist : Anonymous

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Querist : Anonymous (Querist)
12 July 2012 Thank You Sir


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