AS-7 deals with accounting for construction contracts in financial statements of
A)contractors
B)Accountants
C)Agents
D)Dealers

Name: AS-7 deals with accounting for construction contracts in financial statements of A)contractors B)Accountants C)Agents D)Dealers
Brand: Quizplus
Rating: 4.9 (34 reviews)

Question

Quizplus · Accepted Answer

AS-7 specifically deals with the accounting for construction contracts in the financial statements of contractors, outlining how they should recognize contract revenue and expenses.

AS-7 Deals with Accounting for Construction Contracts in Financial Statements