construction accounting concept

This query is : Resolved 

15 February 2010 Please let me know the the concept of construction accounting in both form as a developer how to keep accounting & as a contractor how to keep accounting

15 February 2010 As a developer can maintain normal accounts only, he has to maintain books of accounts for the particular construction of asset

A contractor need to follow the AS-7 for recognasie the reveue and profit


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