Dear friends,
I would like to know if some one could throw some light on the accounting treatment to be done for the Private Land purchased by a mining company for Rehabilitation & Resettlement of Project Affected Persons in Mining. The Land is registered in the name of the Company, but the same will be provided to Affected persons. Whether it should be capitalised as Land - Freehold or it should be shown under Development Expenditure for mine...
Please suggest.
CAclubindia
