Project capitalisation query
This query is : Resolved
21 May 2011
All experts are requested to put light on following matter:
A real estate co. has constructed a mall to earn rental income . project is commissioned on 31.3.11 which was continuing for past 5 years.
Please provide guideline how to allocate common expenses incurred over past 5 years since various asset are being capitalised.
Any suggestion to ensure proper audit is most welcome.
Hoping for quick response.
A real estate co. has constructed a mall to earn rental income . project is commissioned on 31.3.11 which was continuing for past 5 years.
Please provide guideline how to allocate common expenses incurred over past 5 years since various asset are being capitalised.
Any suggestion to ensure proper audit is most welcome.
Hoping for quick response.
05 June 2011
Allocation on rational basis is required. Please consult any good ca for this in your city and ask for common expenses allocation report
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