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Tender fees

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(Querist)
11 October 2012 If we receive tender fees in respect of construction of building on land then what should be the treatment of that tender fees ?
Whether it should be considered as capital receipts and deduct it from the cost of project or it should be treated as revenue receipts and credit into P&L a/c .. ?
Plz guide me.
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CA C.JANANI

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CA C.JANANI (Expert)
11 October 2012 Tender receipts are repayable back to the bidders. They are only advances held and neither revenue or capital receipts. Hence pass the entry Bank A/c Dr To Tender deposits payable . Show the tender deposits under current liabilities or advances and deposits
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