Answer Posted / h.r. sreepada bhagi

Work commenced on a fixed asset but not completed and ready
for use is called 'Capital Work in Progress'.
For example building under construction, Plant or Machinery
under installation.

Once the construction or installation is complete & the
assets are available for use for the intended purpose, Value
needs to be transferred from Capital Work in Progress to the
relevant Fixed Asset A/c (Building or Plant & Machinery as
the case may be in this example)
Capital Work in Progress appears on the Assets side of the
Balance Sheet and depreciation can not be charged on this.

Do you know what is liabilities and what all does include in current liabilities?

983

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Purchase Goods worth rs.1000/ icluding vat of rs 40/ & Service charge receive 1000/ including service charge rs 123.60/ What will be entry in Tally? Please Define me?

1822

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what is contribution? how does it help in taking managerial decisions?

1928

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Were i have to enter for agreements in tally and in which ledger it will come

1636

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what is the process of cenvat credit taken in service tax( in direct & indirect service)

3375

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What are the advantages of double entry system?

1059

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My boss said to me "Calculate Tds for the month of may 2018 from bank statement". my Boss business is Proprietorship of Construction and designing work. How I can calculate Tds liability.

1334

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What is Time capital

2030

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Why TDS not Deducted on Service tax amount of Rent.

2178

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Are you comfortable with cold-calling?

987

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is we can prepare any account for partnership in tally

3666

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what are the different types of expenditures considered for the purpose of accounting?

1017

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WHY U HAVE CHOOSE ICWA WHY NOT CA

2273

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how to create salary and pf statement in excel sheet?

2020

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what do you consider to be the biggest challenge facing the accounting profession today?

913

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