Guidance Note on Revenue from Operations in case of Contract

Last updated: 04 August 2020
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This guidance note, issued by the Institute of Chartered Accountants of India, clarifies the recognition of revenue from operations for contractors. It addresses how to present contract revenue in financial statements, aligning with Accounting Standard (AS) 7 and Ind AS 115. This document is particularly useful for accountants, finance professionals, and businesses involved in construction contracts, helping them understand the specific requirements for reporting revenue.

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Guidance Note on Revenue from Operations in case of Contractors #pdf
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