Question

6. Surya Constructions Ltd with
Ltd with paid up capital of
50,00.000 undertook a contract to construct MIG
apartments The work started on April 2015. The
contract price was < 60 lakhs Cash received on account
of contract upto 31 March, 2016 was 18 lakhs (being
90% of work certified). Work completed but not certified
was 1,00.000. As on 31 March, 2016 material at sight
was estimated at 30.000 machinery at sight costing
(5) L-26096​

Answer 1

Answer:

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Answer 2

Answer:

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