Contract costing

Costing

On what amount work uncertified should be calculated? Cost or contract price? Why icai has followed both?

Christeena Ambel

CA Inter

★ 5K+

05-Nov-21 12:39

888

Answers (5)

Which illustrations are you referring to

Sudha Reddy

CA Final

★ 20K+

05-Nov-21 13:23

Sudha Reddy

Which illustrations are you referring to

These 2

Attachments

Thread Starter

Christeena Ambel

CA Inter

★ 5K+

05-Nov-21 13:38

Oh.. I understood.. If work certified and work uncertified is given in the question Then, work certified will be in value And work uncertified will be in cost Isn't so.?

Thread Starter

Christeena Ambel

CA Inter

★ 5K+

05-Nov-21 14:42

Thread Starter

Christeena Ambel

Oh.. I understood.. If work certified and work uncertified is given in the question Then, work certified will be in value And work uncertified will be in cost Isn't so.?

Not understood please tell

Miradevi S

CA Final

★ 16K+

05-Nov-21 18:33

Cost of work uncertified represents the cost of work which has been carried out by the contractor but not certified by the expert. It is always shown at cost price. Value of work certified = Value of contract x work certified %

Yoga Vishnu

CA Final

★ 11K+

06-Nov-21 10:24