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Calculation of Construction WIP

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(Querist)
23 May 2008 I am doing an audit of Construction company.. There is only 1 project (township) going on currently. Is there any guideline for valuation of Construction WIP as on 31.03. Booking collections received have to be treated as advances under current liabilities. Also AS 7 is not applicable. Also please guide me about treatment of borrowing costs under AS 16 in this context...

Thanks in Advance
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Taranjit Singh

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Taranjit Singh (Expert)
28 September 2009 If this query is still pending then please post it again by updating......Good wishes.....or you can also send me a PM.
Otherwise it is already resolved.
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Taranjit Singh

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Taranjit Singh (Expert)
28 September 2009 If this query is still pending then please post it again by updating......Good wishes.....or you can also send me a PM.
Otherwise it is already resolved.
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