What is asset under construction? Why it is important in accounting point of view?

Question added by Nazmul Islam CMA , Manager , Robi Axiatal Ltd.
Date Posted: 2016/12/11

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by Majid Wangade , Senior Accountant , KANTOUR LIMITED COMPANY ( Real Estate, Construction and Asset Management )

Assets under construction are a special form of tangible assets. They are usually displayed as a separate balance sheet item and therefore need a separate account determination in their asset classes.

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