AS 7 v/s AS 9
This query is : Resolved
monika chechani
(Querist)
08 January 2011
what should be the accounting treatment for the amount recieved from the customer who has paid a token amount for purchasing a house in the books of the building developer.
Which accounting standard will be applicable??
Which accounting standard will be applicable??
08 January 2011
It is a advance, No AS will apply.
monika chechani
(Querist)
10 January 2011
how the building developer will account his expenses towards the development of building. how he will recognise his income??
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