Accounting of real estate company

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PLEASE PROVIDE ME THE SAMPLE OF  balance sheet and p/l in schedule vi format of real estate company they take land on power of attorney and after developing land they sell out the plot with huge margin but make sale deed with less value to avoid registry and stamp duty expenses.

Replies (5)

whats the question ? i am sorry but I didnt get .

how to do accounting of this company

ofcourse accounting will be as per sale deed. As per accounting concern there is no harm... value on which sale deed executed will be entered in balance sheet..

 

 

 

 

Regards,

Siddharth Bumb (CA CS Final)

www.facebook.com/DTandIDT

www.siddharthbumb.blogspot.com

I need sample of b/s and p/l of such co

sorry dont have such format... search on search engines or MCA 21... you will surely get...

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