I just wanted to know the accounting treatment of Asset under Construction
Like how to recognize Amount "Paid to Electric Contractor"?
Should i recognize Expenses on "Asset under Construction" as an Expense or Show as an Asset (as WIP)????
I just wanted to know the accounting treatment of Asset under Construction
Like how to recognize Amount "Paid to Electric Contractor"?
Should i recognize Expenses on "Asset under Construction" as an Expense or Show as an Asset (as WIP)????
Mr. Khanna Thanks for your response...
My question is, Should i capitalize these expenses from the very begining ?? where can i get the text pertaining to this.....
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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