a real estate co. has received a fixed amount for power and maintenence, the expenses in relation to which is to be incurred by the co. in future. the amount is non refundable.the company has invested the amount in FDR.
tREATMENT BY cO.
TREATED AS LIABILTY IN BALANCE SHEET
INTT. ON FDR CEDITED IN PROFIT & LOSS A/C
IS THIS TREATMENT IS RIGHT OR WRONG ?
WHAT IS THE CORRECT TREATMENT
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