As 7
This query is : Resolved
05 September 2011
what is the scope of "assets " in AS 7. will it include movable and immovable assets (both)? is this standard applicable for construction of things like computer, furnitures etc??
anticipating quick reply by our experts
anticipating quick reply by our experts
05 September 2011
Accounting Standard 7 deals with the revenue recognition of Long term contracts under percentage of completion method.
In this what is your query about assets
In this what is your query about assets
05 September 2011
AS-7 applicable to Construction Contracts on bridge, building, dam, pipeline, road, ship or tunnel.
"assets " - used for Construction.
"assets " - used for Construction.
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