Bookkeeping
What Does Construction in Progress Mean in Accounting Terms?
Get Your Bonus https://www.profitablecpmrate.com/yrpjj01w?key=7bb0d4f298e78d9645fa1d5830de0ea7 When construction on the project completes, and the asset is placed in service, the CIP account is shifted to related fixed-asset accounts. Construction-in-progress accounting is used to track the progress of projects still in construction. It’s one of the most important categories in construction management and Read more…