Hi..
ABC ltd is real estate company, ABC Ltd have given some area to Haldiram Sweets on rent for their restaurant, In return Haldiram Sweets have paid 2 CR for equipment and setting up their outlet.
apart from it, Haldiram sweets will pay monthly rent of Rs 5 Lakh over thirty years lease period with 10% escalation clause after every three years.
My query is how to recognize rental income and amount received Rs 2 CR towards setting up their outlet.
CAclubindia
