Rate this post by selecting a number. 1 is the worst and 5 is the best.

Author Message   Peekavle_tokka Mudiripoyina Bewarse Username: Peekavle_tokka Post Number: 11739 Registered: 05-2006 Rating: N/A Votes: 0 Posted on Wednesday, October 10, 2012 - 5:56 am:    if it is 99 years lease agreement with Govt. expenses will take it into P&L account. Each year we have to amortize the value of the land. Otherwise if we pay affront money to Govt. against allotment of land we can directly put it under the Fixed assets head in B/S.