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This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

12 July 2012 One of my client has started constrution of Building. As on 31-03-2012 there was no sale of flat or any advance received. how wil be the accounting done in such case for all expenses?

CA Lokesh Pokharna

CA Lokesh Pokharna (Expert)
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12 July 2012 its looking that ur clients business activity construction & then sale

in this case you should book all expenses(operating nature) in to stock wip
and non operating in to p& l a/c

Querist : Anonymous

Querist : Anonymous (Querist)

12 July 2012 Thank You Sir

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