Treatment of land

Discussion in 'Stat Audit' started by bhargav, Mar 22, 2014.

  1. bhargav

    bhargav Member

    Query: A Real Estate Company has acquired certain land and started working on that land.My question is what should be the accounting treatment of Land and the Cost that has been incurred on land till the date the projects gets completed? CAn anyone help me in this regard?pleas support yr answer with certain supportings?if possible ?

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