Accounts for builders


This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
20 March 2014 Dear Sir,

Please help me. How to a/c for builders.

our company process..

First customer book the flat and entered into agreement with builders,who's given consideration instalment as per agreement...like advances taken from customers.
how to a/c for as per AS-7 or AS-9?

and please explain?




20 March 2014 u need to follow as -7 as its a specific AS for real estate business only...

follow the percentage of completion method...


Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
20 March 2014 i know but how to pass entries
please tel me

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
20 March 2014 under percentage of completion method how to pass the entries?


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro



Answer Query



Company
10 October 2026
Accounts Associate Level 1

Abic and Mani Chartered Accountants

Kottayam

B.Com

View Details
Company
15 October 2026
Senior Accountant

Continental Belting Pvt Ltd

Mumbai

B.Com

View Details
Company
19 October 2026
Accountants/Articles (Freshers/Experienced)

ADY & CO.

New Delhi

Graduate (Any)

View Details
Company
ARTICLESHIP 30 September 2026
CA Article Assistant

CA Suraj Garg & Associates

New Delhi

CA Final

View Details
Company
ARTICLESHIP 23 October 2026
CA Articleship / Article Assistant

M N Rao & Associates LLP

Vijayawada

CA Inter

View Details
Company
08 October 2026
Account Executive

Elite Taxation

New Delhi

CA Foundation

View Details
Company
23 October 2026
Sr. Accountant

SANKARAN & KRISHNAN

New Delhi

B.Com

View Details
Company
06 October 2026
Assistant Manager - Audit and Compliance

Ravi K Jain & Co

Noida

Others

View Details