Question

Account Standards 7 is......?​

Answer 1

Accounting Standard 7 (AS 7) relates with accounting of construction contracts. The very purpose of this accounting standard is to specify the accounting treatment of revenue and costs associated with construction contracts. ... It is due to the nature of activity assumed under a construction contract.

Hope it help u♥️

Answer 2

Answer:

Accounting Standard 7 (AS 7) relates with accounting of construction contracts. The very purpose of this accounting standard is to specify the accounting treatment of revenue and costs associated with construction contracts. ... It is due to the nature of activity assumed under a construction contract.

Hope it's helpful♥️

Explanation:

Keep smiling