Treatment of electrical exp in a building under construction

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This query is : Resolved

SATYA PRAKASH (Querist)

13 June 2013 DEAR SIR,

I HAVE A QUERY REGARDING ELECTRICAL FITTING EXP IN A BUILDING UNDER CONSTRUCTION A/C.
WHAT WILL BE THE HEAD IN TALLY FOR BUILDING UNDER CONSTRUCTION A/C?
WE HAVE MADE PAYMENT BY BANK TO VENDOR,THEN WHAT WILL BE THE JOURNAL ENTRY FOR ELECTRICAL FITTING EXP UNDER BUILDING UNDER CONSTRUCTION A/C?
2. WHAT WILL BE THE TREATMENT FOR MOBILES & FRIDGE PURCHASED IN CASH BY DIRECTOR FOR OFFICE USE UNDER OFFICE EQUIPMENT (FIXED ASSETS)?

PLEASE REPLY AS SOON AS POSSIBLE

SATYA PRAKASH

Rupesh Jain

Rupesh Jain (Expert)

13 June 2013 PLS CREATE CAPITAL WORK IN PROGESS UNDER FIXED ASSETS

AND CREATE BUILDING UNER CONSTRUCION A/C
UNDER CAPITAL WORK IN PROGRESS

2. MOBILE AND FRIDGE UNDER OFFICE EQUIPMENT

SATYA PRAKASH

SATYA PRAKASH (Querist)

13 June 2013 dear sir

i agree with you & i have already created these head,but i want the journal entry.

is it necessary to pass journal entry for cash purchase of mobile & fridge.
I have already pass the cash payment entry for this transaction.
is it right or not.

thanks for your solutions.

satya prakash

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