Accountancy, asked by patil8806, 6 months ago

what is the meaning of accounting standard 7

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Answers

Answered by krishamodi
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.

Explanation:

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Answered by ANarenRio
0

Answer:

Accounting is the process of recording financial transactions pertaining to a business. The accounting process includes summarizing.

Explanation:

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