Accounting treatment
This query is : Resolved
25 June 2012
A company has paid Rs. 5.00 Lakhs for change of land use for agricultural land to industrial use. The unit already exists on the land. Kindly advise whether the clu charges should be charged to revenue or capitalised under land or building?
26 June 2012
The expense should be capitalised.
27 June 2012
It should be added to the cost of Land.
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