Accounting standard-7
This query is : Resolved
16 March 2009
Dear Madam/Sir
An individual owning a property enters into a joint venture with a company to demolish the existing property and construct the residential flats on it for sale to the common public.
Is AS-7 applicable to the company.
Regards,
Jyoti
An individual owning a property enters into a joint venture with a company to demolish the existing property and construct the residential flats on it for sale to the common public.
Is AS-7 applicable to the company.
Regards,
Jyoti
17 March 2009
Please help
18 March 2009
if there is contractor contractee relationship than its applicable.
when the contractor himself is undertaking the project and selling it to public than its not applicable as there is no contractor contractee relationship.
when the contractor himself is undertaking the project and selling it to public than its not applicable as there is no contractor contractee relationship.
21 March 2009
Thanks
25 March 2009
resolved
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