if it is property developers, and they let it for rent what would be the situation, should Flats considered as stock or fixed asset
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160332 Points)
Replied 22 October 2016
For property developer, usually its stock in trade, unless specifically converted to fixed asset.
GST Live Certification Course (39th Batch) - April 2024 (Weekend Batch) (With Certificate)
"Live class on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"