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(Querist)
01 July 2013 How to classify land in balance sheet of real estate company??
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Karan Teli

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Karan Teli (Expert)
01 July 2013 If it is under some construction it's WOO or else it is current asset provided it is to be used in a commercial venture. If not, as a fixed asset
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CA.Vinita Gupta

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CA.Vinita Gupta (Expert)
02 July 2013 It should be treated as inventory




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