Easy Office
LCI Learning

Land purchase by builder

This query is : Resolved 
Profile Image

Profile Image

(Querist)
20 February 2013 Hi,
A Developer / builder has purchased a land for Making Building and selling flats How should be the entry passed in builder books account.
Land under what group should been shown Please reply.
Profile Image

Guest

Profile Image

Guest (Expert)
20 February 2013 Land should be shown under Purchase a/c.
Profile Image

survesh

Profile Image

survesh (Querist)
20 February 2013 Sir,

Any TIPS to keep in Mind while accounting for Builder and developers for Direct expenses.

I Am account first time for construction.

Daily Payments are made in cash to labours.



Profile Image

survesh

Profile Image

survesh (Querist)
20 February 2013 Sir,

Any TIPS to keep in Mind while accounting for Builder and developers for Direct expenses.

I Am account first time for construction.

Daily Payments are made in cash to labours.
Profile Image

NITIN SHARMA

Profile Image

NITIN SHARMA (Expert)
22 February 2013 Purchae a/c dr.
To cash/bank
it should be under the stock in trade.

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

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries



Trending Online Classes

view all classess
CCI Pro


Answer Query



Quick Links