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Construction value in books

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I.t. assess construction for commerical building new strated f.y. 2019-2020.

Expenses detailes mentioned below.

1. Some construction expenses paid Rs.5 lacs payment through cash mode(above 10 thousand limit)

2.some construction expenses paid Rs.12 lacs payment mode bank account payee.

Total cash and bank mode payments Rs.17lacs in f.y. 2019-2020.


Construction expenses account value amount Rs.12 lacs or Rs.17 lacs show in accounting books and balance sheet.

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