Question

5. Construction Alcon Co. Ltd. commenced its business on 1-1-2018. The value of contract was 15,00,000. The following are the details as shown in the books on 30-6-2018: Labour on site 4,05,000 Materials direct to site 4,20,000 Materials received from stores 81,200 Hire for use of plant 12,100 General overheads 37,100 Direct expenses 32,400 Materials on hand (30-6-2018) 6,300 Work certified 11,00,000 Work uncertified 16,500 Cash received 8,80,000 Prepare contract account account and show how work-in-progress will appear in the Balance Sheet as on 30-6-2018. 1​

Answer 1

Answer:

Construction is a from where the made road