a land taken on lease for a period of 10yrs can we do construction on it and debit the exp in our profit /loss account . If yes then what kind of lease it shld be finance lease or operating lease
a land taken on lease for a period of 10yrs can we do construction on it and debit the exp in our profit /loss account . If yes then what kind of lease it shld be finance lease or operating lease
Satish Sir...then the exp that are occurred in constructing the school where it shld be shown ..can we debit in I/E a/c
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