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Accounting entries of construction company

Accounting Entries 9724 views 2 replies

What are the accounting entries in a Construction company/firm- 

1) For purchase of Land. 
2) For taking various approvals. 
3) For purchasing materials like Sand, Steel, Cement etc. Can we take Input VAT paid credit? 4) For services of a Civil Contractor, Architect. Entries related to Service tax, TDS etc. 
5) For WIP Entries.
6) For Sale of Units to Customer. 
 
ETC.

 
Replies (2)

hi rahul, am also facing same issues.

Dear

PFA


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