alleryStart learning →Contingent losses on firm contracts beyond stock held fall under?
AAS 9 Revenue Recognition
BAS 7 Construction Contracts
CAS 10 Fixed Assets (PPE)
DAS 4 Contingencies and events
Answer & Solution
Correct answer: D. AS 4 Contingencies and events
Losses that exceed the stock in hand are provisions-type matters, which AS 4 governs.
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