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Development Rights Agreement

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This query is : Resolved

Anjan S. Mehta (Querist)

27 August 2008 I am working in Real Estate Co. Our co made agreement with land owner to construct the residential complex on the purchase of FSI (development rights) from the land owner & for the same we paid the cost. In this transaction how I passed a/cing entry. Shall I dr to land cost under gropu CWIP ?

Pls guide me with illustration.

thanks
Anjan S. Mehta

Taranjit Singh

Taranjit Singh (Expert)

07 October 2009 Hello, is this an old query still pending? You can send me a Pm if yes....I m trying to take all old pending queries in Accounting Forum......Thanx.

Taranjit Singh

Taranjit Singh (Expert)

07 October 2009 Hello, is this an old query still pending? You can send me a Pm if yes....I m trying to take all old pending queries in Accounting Forum......Thanx.

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