Answer / 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.

why creditors a/c dr. to discount received a/c ?

0 Answers  

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we purchase one material from one party & sale it to other party but the product got problem so 1 st party give us a credit note now the question is how i pass jv in my co. account

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i had completed my continious service in ltd co for 4.6years,whether i am eligible for gratuity

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Different types of payments

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How time sheets are maintained?

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What does it mean to do accounting training outside of public practice?

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How to calculate TDS on Directors Remuneration if director's age is around 35 years and salary is 59000/- per month. please suggest me with complete detail.

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