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Hi, here is my question.
1) Company A and B enters into a joint venture agreement.
2) Company A will utilise its own land, Company B will responsible to develop the units.
3) After completion, Company A will be entitled to 8 units of the development.
Now, I am Company B. How do I account for the contra units? When is the timing to recognise?
Appreciate very much for you help.
1) Company A and B enters into a joint venture agreement.
2) Company A will utilise its own land, Company B will responsible to develop the units.
3) After completion, Company A will be entitled to 8 units of the development.
Now, I am Company B. How do I account for the contra units? When is the timing to recognise?
Appreciate very much for you help.