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Land cost - as 7

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Querist : Anonymous

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Querist : Anonymous (Querist)
31 July 2011 Should land cost to be considered for the purpose of calculation of Contract Cost under AS 7?
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CA PARAS BAFNA

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CA PARAS BAFNA (Expert)
01 August 2011 Land is generally purchased by the contractee and as such it may not form part of the cost of construction.
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C A S.S.Agarwal, M.Com.,LL.B,

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C A S.S.Agarwal, M.Com.,LL.B, (Expert)
01 August 2011 I agree with the expert
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