Revenue or capital spend
This query is : Resolved
CA SUMANTH
(Querist)
23 September 2016
A company spends X amount of money to build a metro station in companies land for convenience of employee commute. But station does not belong to company and none of assets. and station will be used by public also.
What is the accounting treatment? If possible can you give me reference to IND AS or Guidance Notes?
Thanks in Advance for the help.
Regards,
CA Sumanth
What is the accounting treatment? If possible can you give me reference to IND AS or Guidance Notes?
Thanks in Advance for the help.
Regards,
CA Sumanth
Amol S Joglekar
(Expert)
23 September 2016
who gave the permission to build? Metro rail?...or is there any other counter agreements?
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