Accounting Of Builders/Developers

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bkishwar (Querist)
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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

Late CA Sampat Jain (Expert)
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22 October 2007 Visit CAclub at :

https://www.caclubindia.com/files_display_search_results.asp?search_txt=real%20estate

You will get all the answeres

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