[aaykarbhavan] Query on Builder / Developer

I would like to know :-

(Case of Builder / Developer)

How to determine Sales / Closing Stock / WIP / Purchases / Advances recd but Agreement for sale not entered) / Profit

And What would be the best method of accounting on Receipt or % completion method.

Kindly suggest as soon as possible since the method would determine i'm under tax audit or not

Thanks in Advance

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