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Applicability of as7 construction contract

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28 January 2014 does builder can be treated as contracter and if not is there any A.S. or Guidance note on accounting of transaction?

bcoz as per me builder sells the building and land much before it gets completed so in substance lateron it works on behalf of buyer so is he can be governed by AS7?
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
28 January 2014 Refer Guidance Note on Accounting for Real
Estate Transactions
https://220.227.161.86/25896asb15443.pdf
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