Applicability of accounting standards for construction compn

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18 June 2013 can anyone explain me what Accounting standards applicable for constucion companies

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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18 June 2013 For revenue recognition AS-7 will apply and other applicable standards based on the transaction of the company. AS-1 Accounting policy, AS-2- Valuation of invnetory, AS-6- Depreciation, AS-10 Fixed assets, AS-15 Employee benefits are mostly applicable standards