Accountancy, asked by rnjnashik, 3 days ago

is as7 applicable on short term contractors

Answers

Answered by Simi011

4

The AS 7 laid down the principles of accounting for 'construction contracts' in the financial statements of the Contractors. As per the revised AS 7 the accounting was to be done as per percentage/ progressive completion method. ... However, the revised AS 7 is applicable only to Contractors

Previous Question

Next Question

Similar questions

Math, 1 day ago

A man was moving towards a city with the speed of 7 kmper hour. From that city messengers were being sent to him after each 15 minutes. If the messangers travel with the speed of 8 km per hour then find the time interval after which the man will meet the messengers...

Math, 1 day ago

132 coma 3000 find what percentage the first number from off 2nd...

English, 1 day ago

Write a short note on " I.I.R.S".

Hindi, 3 days ago

आपके गाँव/शहर अथवा आस-पास में कौन-सा मेला लगता है, उसके बारे में लिखिए-...

Math, 3 days ago

Factorize p(x) = x² - 7x + 12 .

Geography, 8 months ago

It is hoped that ........... would correct the imbalance of Indian economy. (A) Sheltered market (B) Isolated economy (C) Closed inarket (D) Globalisation and privatisation...

English, 8 months ago

"that which you call awakening is a stupefying hangover" why? class 8 English...

English, 8 months ago

You were ready to go to visit your friend living in America but due to the spread of Corona virus..you could not travel. Write a letter to your friend expressing regret and also write about the current situation in your city.( about 120 words that is 2 to 3 small paras) thank you.