As 7- works contracts
This query is : Resolved
N B S MURTY.
(Querist)
28 January 2015
Respected all,
We are Constrecting a multy floured bulding as a Works Contractrers. Now we are desided to take some part of the bulding as our over due amounts from the owners. In this point of view ,Can we apply AS-7, for Valuaning the Existing Closing Stock and Closing Workin-Process.
Please Clarify.
Regards,
BALU
We are Constrecting a multy floured bulding as a Works Contractrers. Now we are desided to take some part of the bulding as our over due amounts from the owners. In this point of view ,Can we apply AS-7, for Valuaning the Existing Closing Stock and Closing Workin-Process.
Please Clarify.
Regards,
BALU
28 January 2015
yes follow the principles of as 7 in this case.
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