What Is Included in the Construction in Progress Balance?
In addition, the new asset’s balance matches the CIP balance plus any additional financing and closing costs attached to the permanent financing. For a construction firm that makes a contract to sell fixed assets, the objective is the same. According to the matching principle of accounting of accrual accounting, the expenses related to certain revenues
Post on : December 8th, 2021
Posted in: Bookkeeping
Posted in: Bookkeeping
Recent Comments