Dear all,,
I m very new to construction accounts.i had an interview with one of the construction companies in this week.kindly tell me what accounts do they maintain & what topics should i cover for the same ..
thanks.
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accounting for Construction company
Replies (2)
AS-7.... :)
contract costing...major thing i would suggest..
not an expert still..
Yes I agree with Mr Vignesh. In a manufactruing Company you will hav e openning stock,closing stock, finished products, w i p and all whereas in a constgruction company these kind of activities can't takes palce and you have to maintaing the Running Bill on stage to stage basis where in % of completion method has to be adopted as per AS7 only.
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