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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
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Answer Posted / 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.
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