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accounting treatment

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(Querist)
30 July 2009 accounting treatment of Rehabilition Compensation paid to the landlord ?
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P B Srivathsan

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P B Srivathsan (Expert)
04 August 2009 I guess it is on compulsory land acquisition. Then the entry is Land A/c Dr. To Bank A/c in the books of acquiring entity and in the books of landlord, it is the reverse.

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