Building Work in progress
This query is : Resolved
Sonnal Khandaray
(Querist)
23 March 2021
Hi All
I am constructing a building for my office purpose. It will take another 2 years to complete it. What will be the accounting treatment for the same?
Thanks in advance.
I am constructing a building for my office purpose. It will take another 2 years to complete it. What will be the accounting treatment for the same?
Thanks in advance.
CA R SEETHARAMAN
(Expert)
23 March 2021
Treat it as building work in progress.
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