Services being given over two accounting periods

Mihir Manohar (CA Final - Article Assistant)   (474 Points)

24 September 2017  

Services of installation of machinery are rendered beginning from 1st March and gets completed on 30th April.  The services are purely services, it is not a material + services kind of a contract.

Will there be any recording of closing stock as on 31st March?

Pls reply as per relevant Ind AS?

Thanks.