WIP in case of construction contracts


student

sir/madam,
As AS-2 is not applicable to WIP in case of construction contracts, My doubt is how to calculate the stock which is under WIP in case of construction contracts.
secondly, if a projects includes both civil construction, assembling machinery, electrical fittings and others, what Standard to be followed in case of inventory & revenue recognition AS-2/AS-9/AS-7
can the guidance note issued by icai relating to real estate can be applicable to the above scenario
thanks in advance
 
Reply   
 

LEAVE A REPLY

Your are not logged in . Please login to post replies

Click here to Login / Register  

 


×

  CCI MENU