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Conditions for Contract's Outcome being Reliably Estimatable

Accountancy

Hi sir, hope you're well Why are the conditions for a contract's outcome being reliably estimatable, different for fixed price and cost plus contracts? Video Details ------------- P1 - Accounting Standards - CA Inter (New) AS 7 #2. Applicability and Principles Governing AS7

Devaprasad Jothimani

CA Inter

★ 0

12-Apr-24 12:06

Answers (1)

Revenue would vary for cost plus contract.

CA Suraj Lakhotia

Admin

15-Apr-24 18:58

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