Question

Supervis
erges Office
g stocks
ng stock
A Rent
Q. 4."Under contract costing, system of 'progress payment is used." In the
light of this statement give the meaning and its relevance.
Also prepare a contract account from the following information, and show
how much part of profit will be transferred to costing P&L account.
Contract price
18,00,000
Labour cost on site
34,20,000
Materials direct to site
3,25,000
Materials from the stores
378,000
Hire and Use of Plant
310,200
Direct Expenses
313,300
General Overhead allocated
337,000
Material at hand on 30th June, 2020
36,100
Wages Accrued on 30th June, 2020
36,800
Direct expenses accrued on 30th June, 2020
$1,400
Work not yet certified at cost
318,500
Work Certified by Engineer
10,00,000
Cash Received
Adve wor
Salarie
s cummi
proceed
Mirs and
impany
st shee
arginc
ih 。
80%
contaa huginn
uu

Answer 1

Answer:

hahaha !! hau auu mu no. dauchi tu taku arise sia jaha karuchi karu hela !! raha aee ans re hin no. dauchi