This document contains summaries of several Indian accounting standards relating to topics such as depreciation, construction contracts, revenue recognition, and fixed assets. The standard on depreciation accounting (AS-6) requires that the depreciable amount of assets be allocated systematically and that the depreciation method be applied consistently. It also mandates certain disclosures around depreciation amounts and policies. The revenue recognition standard (AS-9) deals with when to recognize revenue from sales transactions and interest income. The fixed assets standard (AS-10) provides guidance on accounting for assets like land, buildings, and equipment and requires disclosures of opening and closing balances of fixed assets.