accounting for residential complexes
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 January 2011
whether expenses incurred for project of residential complex should be grouped in wip and whether treatment should be as per as 7?
24 January 2011
If the residential complex is to sold by you after construction - AS 7 will not apply. Book it as a CWIP.
If you are contractor in this case - AS 7 woll apply.
If you are contractor in this case - AS 7 woll apply.
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