Cost of building in balance sheet

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2 BROTHER PURCHASE A PROPERTY OF RS 61 LAKH

AMOUNT PAID AS SUCH

4 LAKH BY BROTHER -A

27 LAKH BY BROTHER-B

LOAN BY A AND B- RS 30 LAKH

REGISTRY PAPER HAVE BOTH BROTHER NAME

NOW IN BALANCE SHEET OF BROTHER A WHAT AMOUNT WILL REPORTED 4 LAKH OR 61/2 = 30.5

 

THANX

Replies (7)
What is the exact Ratio of Shares... It will be accounted as per the Ratio...

1:1  BUT BROTHER -A PAID ONLY RS 4  LAKHS  

Dear.,

Check out the ratio...
Ask the details for principal payments if Mr. B and How it's treated both hands of brothers...
After got solution and it's details then You can get exact clarity...

Bcoz,
If Ratio is 1:1 then share will be 50/50...

So,
What about the loan amount and Principal amount of participation... Between A and B....

LOAN AGREEMENT HAS BOTH BROTHER NAME AND NO RATIO MENTION IN THE AGREMNEt 

Ohhh no dear...!

What about the principal payments agreement (or any other mutual understanding) between A and B...

THERE IS NO ANY MUTUAL AGREEMENT

 

Sorry I didn't get any idea...

Also This is not a correct reply by You...

Check out the details of Initial payments details even any oral agreement or loan from A to B...


Without details no way for solutions...



Wait on further replies from Our CCI Experts... 😇😇😇


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