Maitating of accounts in projects construction field

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PARAMESHWAR (Querist)
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22 February 2018 Sir,
In a construction company if 2 or three project works is going on,which ACCOUNTING PROCEDURE is suitable?
I think If I do cost center vise...its OK...But my friend ,he is also accountant saying that site vise passing the entries is good.If I follow that system I think we should pass double entries in head office books as well as in site books for every transaction.
if we choose cost center vise system we can easily book all entries in HO books by maintaining cost center vise.
I hope any experts will suggest in this above subject little broadly.
Thanks

Arpit

Arpit (Expert)
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22 February 2018 cost center wise approach is better

PARAMESHWAR

PARAMESHWAR (Querist)
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22 February 2018 Thank you very much sir.

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