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If a builders work is incomplete.Then what entry will be
passed by him on closing of accounting year i.e 31st march


In P&L A/c and Balance sheet







Answers were Sorted based on User's Feedback



If a builders work is incomplete.Then what entry will be passed by him on closing of accounting yea..

Answer / jose mamman

shown as work in progress

Is This Answer Correct ?    4 Yes 0 No

If a builders work is incomplete.Then what entry will be passed by him on closing of accounting yea..

Answer / s.sridhar

Building Work in Progress A/c. Dr.
To Cash / Bank Cr.
[Credit all payments up to 31st March]

After completion of building construction

Building A/c. Dr.
To Building Work in Progress A/c.

For more info respond here only.

Is This Answer Correct ?    4 Yes 0 No

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