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accounting standard

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Querist : Anonymous

Querist : Anonymous (Querist)

11 July 2011 Dear Sir,
Which accounting standard covers accounting during construction period. is there a seperate guidence note for accounting during construction period or project period.
Rgds

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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11 July 2011 The Council, at its 280th meeting, held on August 7-9, 2008, has decided to withdraw the Guidance Note on Treatment of Expenditure during Construction Period, as the same is no longer relevant in the present day context. In view of the above, AS-10 may be followed.

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