Categoría Bookkeeping

21 Jun

Carriage and Insurance Paid to CIP: Definition and Example

However, preparing accurate reports is not simple for construction companies whose work-in-progress assets are unique. Amid the construction progress, these assets are not usable as they require months or years for completion, complicating bookkeeping. That’s why it is better to track projects undergoing construction separately on a different balance sheet until completion. However, it is […]

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