how we mainatin account for a construction company or firm

Answer Posted / xyz

while maintaining accounts for a construction company each
and every project must be seperated, receipts and payments
must not be mixed of different projects. this will enable
us to calculate what the firm has earned from some specific
project.

Is This Answer Correct ?    18 Yes 1 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

in trading credit why does goods sent on consignment come?

1491


What methods do you use to discover sales opportunities?

599


sir what is the depreciation and how to calculate depreciation as per company books, i need as per IT ACT, AND Companies Act give me clarification with example

1466


Volga is a large manufacturing company in the private sector. In 2007 the company had a gross sale of Rs.980.2 crore. The other financial data for the company are given below: Items Rs. In crore Net worth 152.31 Borrowing 165.47 EBIT 43.17 Interest 34.39 Fixed cost (excluding interest) 118.23 Calculate: a. Debt equity ratio b. Operating leverage c. Financial leverage d. Combined leverage. Interpret your results and comment on the Volga’s debt policy

2350


What is corporate assesses?

1954






One car company raised an invoice of 30k to its customer, which includes car's price and one year service price of 1600 (cost). They work on 25% margin. How much amount will go to Income statement and B/S?

2149


Proprietor paid amount of Rs. 11060/- for car insurance. Pass Journal.

994


What would be the entry at the time of Generating Tution Fee Challan for Advance fees. (e.g In the Month of April, Fees of June and July in being asked to pay by school to their students?,

1465


If a consultant charged his fee n receive so can i pass the journal entry n how i can i maintain bal sheet

1996


How did you chose your university?

620


cash credit taken from bank then what is the general entry?

1573


What do you mean by gaap in accounting?

634


April-25 Paid to Mr. Y in full Settlement by Cheque Rs. 4800. April-26 Received a cheque from Mr. B in full settlement Rs. 4900.

2696


Apportionment of expenses

1834


What is the definition of accounting?

620