An open plot was purchased in Last Fin Yr 17-18 and in FY 2018-19 construction work was done financed through Loan.
At what value the Building will be shown in Balance Sheet?? Will it be shown at its historic value or Purchase Price + Construction Exp incurred??
Still construction is in progress and will be completed in next FY 2019-20.
please advice.
CAclubindia
