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As-7

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(Querist)
14 November 2014 IF architects are engaged in construction contracts then their revenue wil b recognised as per as-7? N if nt then hw.?
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
14 November 2014 Accounting standard 7 will apply for long term contracts if the architect work is long term then accordingly AS-7 will apply

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