Fixed asset or investment????

whether u've entered into a lease agreement or simple rent agreement

Treat it as investment property under AS 13.
 

as per my opinion

ans 1 :- bank dr. and shops cr.

ans 2:- AS 13

The accounting treatment will be follows:

First u have to calculate the total area on which mall has been constructed
 
Then calculate the cost of land + construction cost on the basis of total covered square feet area.
 
Then calculate the area which has been given on rent and which has been sold
 
The assets given on rent will be shown in investment/fixed assets and rent recived on revenue side.
 
And assets sold will shown in revenue side and proportionate cost of shop sold be shown in the expenses side.
 
I hope this will clarify your query.
 

Originally posted by : kalyan
	Treat it as investment property under AS 13.

 it is held by real estate developer,it is not a investment........it is like a stock for him........

@ laxmi : we have entered in lease agreement with them.....

What would be treatment of depreciation........ r v eligible for claiming depreciation on such property???

According to AS-19 asset given on lease should be treated as fixed assets.. According to AS-13 it should be a investment property ....