DOUBTS IN ACCOUNT HEADS IN CONSTRUCTION FACTORY

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BUJJI BABU (Querist)
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08 September 2010 HAI SIR, WE ARE USING TALLY 9.ERP ACCOUNTING FOR SPINNING MILL. OUR MILL IS UNDER CONSTRUCTION.
PLEASE SAY UNDER EACH ACCOUNT SHOULD THE UNDER GROUPS PLS SAY YES/NO

1)BANK LOAN PROCESSING CHARGES

2)INCORPORATION CHARGES (SHARE CAPITAL INCREASE CHARGES)

3)TITLE DEEDS DEPOSIT CHARGES (FRANKLING CHARGES)

4)DD ISSUED TO APITCO FOR TECHNO ECONOMIC VIABILITY

5) DD ISSUED TO DIRCTOR TOWN & COUNTRY PLANNING

6) DD ISSUED TO POLLUTION CONTROL BOARD

7) TERM DEPOSIT AGAINST BANK GUARANTEE

8) METAL PURCHASE

9) ADVANCE PAID TO PARTYS FOR PURCHASE CEMENT & IRON

10)GRAVEL PURCHASE FOR SITE DEVELOPMENT

11)FREIGHT CHARGES PAID FOR GRAVEL SUPPLY

12)SAND PURCHASE

13)FREIGHT PAID FOR DELIVERY OF IRON

14) GRAVEL SPREADING COOLIE PAID

PLEASE ADVICE ME WHICH BOOKS REFFER FOR CONSTRUCTION HEADS FOR ACCOUNTING OF THIS KIND OF CONSTRUCTION OF FACTORIES.
MY MAIL: buujjibabu1@gmail.com

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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09 September 2010 Up to complete of construction, you need to create one ledger " Factory construction under Fixed assets ( which is asset under construction ) after completion of work the same need to transfer Factory asset a/c. please refer AS-10 further clarification

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