Services of installation of machinery are rendered beginning from 1st March and gets completed on 30th April. The services are purely services, it is not a material + services kind of a contract.
Will there be any recording of closing stock as on 31st March?
Pls reply as per relevant Ind AS?
Thanks.
IND AS 18
Vardhaman Group of India
Pimpri Chinchwad
CA Inter
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R P S K & Associates
Nashik
CA Inter
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Shyam Joshi & Associates
Pune
B.Com
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CAclubindia
