Construction-in-Progress-Accounting & Why Your Business Needs It
- Posted by admin
- On 28 novembre 2023
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The CIP procedures dictate the proper recording of construction costs in financial statements. In the company’s balance sheet, construction in progress is most commonly found under the head of PP & E( Plant, Property & Equipment). WIP reports, in addition to being useful for contractors, owners, and managers, can also be useful for those in […]
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