Contracter payment

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744 Points Posted on 28 April 2023
contracter payment for shop construction
which head we book of contracter payment in our accounts
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On 28 April 2023 at 16:02 Report
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Quick Summary
This discussion clarifies how to account for contractor payments related to shop construction. It recommends creating a separate head under 'Shop Project' or a specific project name. This approach is advised because it allows for the tracking of various assets purchased for the project, ultimately falling under the capital account or fixed assets.

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28267 Points Posted on 28 April 2023
Prepare a seperate head shop project/ under the name of the project.
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On 28 April 2023 at 18:14
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744 Points Posted on 28 April 2023
Shop project under the head capital account or fixed assets
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On 28 April 2023 at 19:17
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28267 Points Posted on 29 April 2023
Under the head of the project.
because under that project you may purchase several asset.
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On 29 April 2023 at 17:03

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