Treatment of exp in books

Saurabh Toshniwal (ca final) (2363 Points)

19 January 2015  

partnership firm is engaged in construction business & has started construction of buildings in fy 13-14 & sale deeds are prepared & also received some payment from customers & firm has also incurred various indirect exp like accounting fees, telephone exp etc. now what treatment will be given books for payment recd & exp incurred.