AS-7 deals with accounting for construction contracts in financial statements of

Related MCQs

• AS 15 deals with the accounting for retirement benefits in the financial statements of --------------
• AS -26 deals with the treatment of costs of……………in financial statements.
• The important objective of Accounting standards is to the …………..diverse accounting policies and practices at present in use in India.
• AS – 7 deals with accounting for Government grants.
• …………….reporting helps uses of financial statements to better assess the risk and t returns of the enterprise.
• When the concept of ratio is defined in respect to the item shown in the financial statements, it is termed as
• As per AS architects services are not included in construction contract.
• …………….fund is for the purpose of construction of building for the business of the Society.
• The accounting standards Board (India) was formed by the Institute of Chartered Accountants of India in April---------------
• Accounting Standards in India are Issued by the …………..