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In the context of Accounting Standard (AS) 7, "Construction Contracts," a profit-making contract refers to a contract where the estimated total contract revenue exceeds the estimated total contract costs, leading to a projected profit. Concepts with in depth clarity📝 At Sudarshan Agrawal Classes (SAGC), we don’t just prepare you to clear the CA | CMA Exam — we prepare you to excel in your career. Here’s why we stand out: ✔ Think & participate actively ✔ Develop concepts that last a lifetime ✔ No boring lectures—understanding is our priority ✔ Step-by-step learning with relatable examples With 30 years of teaching expertise, Sudarshan Sir has mentored countless CA & CMA professionals. Now it is YOUR turn to succeed! Don’t settle for less. Invest in your future today! 👉 Click the link in bio to start your journey! 📚 Enroll in our full course here: https://www.sudarshanagrawalclasses.c... 📩 Join our WhatsApp group for free updates: https://whatsapp.com/channel/0029VaAi... #conceptincapsules #cafinalclasses #caintermediateclasses #cmainterclasses #cmafinalclasses #conceptonthemove #shortconceptsinonego#cmafinal #corporatefinancialreporting #cfr #cmacfr #startearly #stayahead #Caintermediate #caexams #cacoaching #caclassesonline #learnfromhome #learnwithsagc #facetoface #cainter #sudarshanagrawalclasses #mumbai #navimumbai #indas #maharashtra #cainterclassess #accountingstandards#cmapendriveclasses #as7 #profitmakingcontracts #contracts