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Topic: Business
Number of pages / Number of words: 8 / 2218
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Disclosure of accounting policies for depreciation followed by an enterprise is necessary to appreciate the view presented in the financial statements of the enterprise.

AS-7: ACCOUNTING FOR CONSTRUCTION CONTRACTS

The following is the text of the Accounting Standard (AS) 7 issued by the Institute of Chartered Accountants of India on 'Accounting for Construction Contracts'...


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The Standard deals with accounting for construction contracts in the financial statements of contractors. This Statement deals with accounting for construction contracts in the financial statements of enterprises undertaking such contracts.

AS-8: ACCOUNTING FOR RESEARCH AND DEVELOPMENT

The following is the text of the Accounting Standard 8 issued by the Council of the Institute of Chartered Accountants of India on 'Accounting for Research and Development'...


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