Accounting treatment

Fayaz (Accountant) (45 Points)

15 October 2020  
Hi,
If businessman want to reconstruct the building which is used the for business purpose what is the accounting treatment for the same.
cases: 1exiting building cost in BS is 40 lakhs ( This is to destruct) how to treat this in accounting ?
2. New building construction es
timate 1.5 corers. what is the accounting treatment for this?