HOUSE CONSTRUCTION PAYMENT

house construction paid to amount contracter
contractor amount ledger pls

this type of amount add in house building fixed assets amount or any ledger plz guide
thanks in advance
Replies (5)
Quick Summary
This discussion clarifies how to record payments made during the construction of a personal house. The advice given is to debit all related expenses under a single ledger titled 'Personal House Property', unless the payment is an advance. This method ensures all costs are properly tracked for accounting purposes.

Are you builder or the house is for personal use?

Personal use

Go on debiting all such expenses under one leger 'Personal House property', unless it is advance.

Ok sir thanks

You are welcome.            

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
27 August 2026
ACCOUNTANT

CHARUPREETI & CO

Noida

Graduate (Any)

View Details
Company
28 August 2026
Audit Manager

K A R M & CO

Mumbai

CMA

View Details
Company
24 August 2026
Semi-Qualified CA/CA Finalist - Tax, GST, Audit & Accounts

Bharat Shah & Associates

Mumbai

CA Inter

View Details
Company
Featured 19 August 2026
Chartered Accountant

apricus india

Pune

CA

View Details
Company
17 August 2026
Chartered Accountant with US GAAP Experience

Austin Med Solutions Pvt Ltd

Bengaluru

CA

View Details
Company
04 September 2026
CA inter Or ca finalist

A Jaiswal and company

Lucknow

CA Final

View Details
Company
08 September 2026
Semi-Qualified Assitant

Subrahmanyam & Sivudu CA Firm

Hyderabad

CA Inter

View Details
Company
21 August 2026
Accountant

A G International

Kolkata

B.Com

View Details