Contract costing

Sai Mohan (Mr.) (44 Points)

16 January 2014  

What are the treatments for the following transactions in contract costing contract A/c?

1.Donations to local club

2.Land purchased near to the site to open an office

3.Brokerage and commission Paid on the purchase of above land


Also how to calculate wip work uncertified if its not given the question?