I under took an accounting work of a works contractor they are doing Interior Designing work of a hotel , It is a proprietary concern, my query is
- Method of accouting we should applied for (Contract Accounting or Normal accounting)
- Book of accounts in which we have to maintained
- what step to be taken for doing this job
- which area we have to take more reasonable care
- If we shold consider the Work in progress ( WIP) , WIP Reserve , Work certified and uncertified
Can any body Please replay immedietly, it is urgent
Thanks in advance
CAclubindia
