Contract A/c.
This query is : Open
02 January 2011
How Revenu Recognise in folloeing conditione
1> Land own by builder and developed by him
2> Land own by other's and developed by builder.
in above bothe case how revenu recognised in case such building are sold by builder in such a case what accounting stander followed. and method of accounting
reply as soon as eraly possible
thank's
1> Land own by builder and developed by him
2> Land own by other's and developed by builder.
in above bothe case how revenu recognised in case such building are sold by builder in such a case what accounting stander followed. and method of accounting
reply as soon as eraly possible
thank's
03 January 2011
Please mention more details on
1. What is the revenue stream. (is he earning lease rentals or is it outright sale of property)
2. Or is it a development contract for fixed price.
Please clarify.
3. AS 9 would be the basic AS reference. Or accounting for long term construction contract (AS 6 .. i guess).
1. What is the revenue stream. (is he earning lease rentals or is it outright sale of property)
2. Or is it a development contract for fixed price.
Please clarify.
3. AS 9 would be the basic AS reference. Or accounting for long term construction contract (AS 6 .. i guess).
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