Land devlepoment
Querist : Anonymous
I shall construct the flats and give 50 % ownership of flats to the land owner. ie Land Development Business
How should I do accounting of such Business??
Querist : Anonymous
if i simply the query
i understand that in lieu of consideration for purchase of land I am giving them 50% Ownership in flats constructed by me
correct me if i am wrong
and give the detailed accounting principles to be followed
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