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Author Message   Proofdada Bewarse Legend Username: Proofdada Post Number: 118634 Registered: 03-2004 Rating: N/A Votes: 0 Posted on Wednesday, October 10, 2012 - 6:04 am:    Second case very clear kaani, in the first case you only record expenses in P&L in my understanding i can consider this as COS(cost of sales indirectly)... but y do u amortize the land?( if at all you amortize, i remember that few amortizations doesn't records in BS /liabilities)... aa bongulo signature le...