Accounting Standard 7 (Revised 20XX)
(Corresponding to IAS 11)
The following is the Exposure Draft of the Accounting Standard (AS) 7 (Revised 20XX), Construction Contracts, issued by the Accounting Standards Board of the Institute of Chartered Accountants of India, for comments.
This Exposure Draft of the revised Accounting Standard includes paragraphs set in
bold type and plain type, which have equal authority. Paragraphs in bold type indicate the main principles. This Exposure Draft of the revised Accounting Standard should be read in the context of its objective and the Preface to the Statements of Accounting Standards.