Question

x undertook a contract for constructing a building from y on 1st July 2014.the contract price was 1000000. He incurred the following expenses: material consumed 60000 wages 50000 plant purchased 100000 direct expenses 200000 the contract was completed on 31st March 2015 and the contract price was duly received. provide depreciation @10% on plant and charge indirect expenses 20% on wages.material in hand on 31 March were 10000 prepare contract account​

Answer 1

Answer:

Tempeh or tempe is a traditional Javanese soy product that is made from fermented soybeans. It is made by a natural culturing and controlled fermentation process that binds soybeans into a cake form. A fungus, Rhizopus oligosporus, is used in the fermentation process and is also known as tempeh starter.