Accounting Of Builders/Developers
This query is : Resolved
21 October 2007
You are already aware that the Building Project completed within 2-3 Years.They take advance from customer against Booking.the Transaction is completed after the posssession of Flats after 2-3 Years.In yeraly accounts what should be the correct and recognised method of accounting so that every statutory body can recognise it.
Late CA Sampat Jain
(Expert)
22 October 2007
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