AS application

Please advice Which accounting standards are applicable on builders..
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Quick Summary
This discussion clarifies the applicable accounting standards for builders. While AS 7 specifically addresses construction contracts, it is also relevant for builders. Additionally, AS 9, concerning revenue recognition, is considered applicable to the building industry.

AS 7 shall be applicable
I think AS 7 deals with contractor... Not with builders, m i right?
Yes but for builders also AS 7 and AS 9 should be appt

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