Application_of_Guidance_Notes_Theory_Notes.pdf - INDIGOLEARN Advanced Accounting \u2013 Guidance Notes www.IndigoLearn.com 9640 11111 0 Advanced Accounting

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Advanced Accounting Guidance Notes INDIGOLEARN 9640 11111 0
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Advanced Accounting Guidance Notes IndigoLearn PAGE 5 CRITICAL APPROVALS All critical approvals necessary for commencement of the project have been obtained REASONABLE DEVELOPMENT The stage of completion of the project reaches a reasonable level of development [reasonable level of development is achieved if 25 % or more of construction and development costs have been incurred] 25% SALES Atleast 25% of the saleable project area is secured by contracts or agreements with buyers 10% COLLECTION Atleast 10 % of the total revenue as per sale agreements or other legally enforceable documents are realised at the reporting date in respect of each
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