PERCENTAGE COMPLETION METHOD
This query is : Resolved
10 March 2010
A & COMPANY STARTED CONSTRUCTION OF A PROJECT IN APRIL 2008.TYhe Expenses for the period 2008-09 is Rs 10Lakhs.Howevever construction was completed in January 2010.Advances From Customer was Rs 15 Lakhs.So How Will I chart out the profit & loss and balance sheet for the period of 2008-09
12 March 2010
Based on the total cost of the project out that how much cost incurred up to the 31.3.2009 .you need to calculate the percentge.based on this you need to recoganise the sales
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- House Property Reporting in ITR
- TDS Claim year
- TDS Challan Code
- Relief u/s Section 89
- Rent lease agreement
- GST Rate applicable for 0% Food Items sold by an Industrial Caterer
- CCFS 2026 Schemed
- Entries in AIS regarding sale of units and shares
- Merchant Export Accounting
- Lease agreement and tax on sale
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
