As 7

Like you solve any other problem of contract revenue based on % completion method.

CA Suraj Lakhotia

Admin

29-Aug-24 13:45

Mine ans r not matching with the options

Thread Starter

Lucky Ten

CA Inter

★ 0

29-Aug-24 15:07

This is the answer

Sagar Kathuria

CA Final

★ 3K+

29-Aug-24 22:33

6 th ans should be 10 lakhs as per the text book

Thread Starter

Lucky Ten

CA Inter

★ 0

30-Aug-24 00:40

Materials purchased - Materials unused = 50 Labour = 60 Depreciation = 100/15*3 = 20 Future costs to incur = 80 Total costs = 210 Less : Fixed price contract = 200 Loss of 10L

Likith kumar Duganapalli

Moderator

30-Aug-24 09:26