Answer / barodianbuddy(acca)

Asset under construction= fixed asset under construction in progress.

Quite Simply, a business cannot, must not, wait until a long term construction contract which lasts several years is completed before any profit (or loss) is taken to the financial statement. That would be a distortion of the truth i.e. the company performing the contract would have been successfully completing stages of contract and must therefore take some profit in financial statements as contract activity progresses (Matching Concept).

What is marginal costing?

10 Answers   Capital IQ,

---

Hi all I got one cheq from Airtel an amount of 20,000/- Tds is 1000/- what is JV and Dep entry in tally

4 Answers  

---

What is meant by Kpo?If possible tell me the process too?

6 Answers  

---

WHAT IS LIMITED REVIEW? WHY IT IS REQUIRE?

0 Answers  

---

Ram, the proprietor brought additional capital of Rs 75000/- by pledging his wifes gold.pass entry

0 Answers  

---

WHAT IS THE PROCEDURE TO CLAIM SALES TAX FORMS(C'FORM)FROM CLOSED COMPANY

1 Answers   BPL,

---

How can we calculate Goodwill of a firm?

2 Answers   Cenza, ICRA,

---

Can anyone mail journal entries for me? my Mail id rukmini@live.in

0 Answers  

---

what is business transaction

4 Answers  

---

what is monetary polasy and how it is different from trade polacy? how it will impact on stockmarkets in India?

0 Answers  

---

Straight line method to using Indian company names

0 Answers  

---

what is the difference between chartered accounant and cost accountant and which is the best course among two.

1 Answers  

---