Easy Office
LCI Learning

AS 7 v/s AS 9

This query is : Resolved 
Profile Image

Profile Image

(Querist)
08 January 2011 what should be the accounting treatment for the amount recieved from the customer who has paid a token amount for purchasing a house in the books of the building developer.
Which accounting standard will be applicable??
Profile Image

CA Shailesh Kumar Bhagat

Profile Image

CA Shailesh Kumar Bhagat (Expert)
08 January 2011 It is a advance, No AS will apply.
Profile Image

monika chechani

Profile Image

monika chechani (Querist)
10 January 2011 how the building developer will account his expenses towards the development of building. how he will recognise his income??
Upgrade to CAclubindia Pro. Subscribe Now!


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro
Live Budget News and Updates

Trending Online Classes

view all classess


Answer Query



Quick Links