Question

OR
The following information relate to the Contract Account number 100
Contract price
Wages
General expenses
6.00.00
5.500
1.20.000
Material
Cash received (50% of certified work)
Material at site
10,000
Plant
20.000
Included in the above information are wages 3.500, material + 4,000 and
other expenses 2,500 which were incurred since certification. Depreciate plant
at 10%. Prepare contract account number 100, Contractee's Account and show
relevant items in the balance sheet.
013
Sol.​

Answer 1

Answer:

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