How much income wil rcognise for the period?

AS 825 views 2 replies

X is a company & Y is a company form a new company XY.

XY awarded BOT Contract of road construction.For execution project awarded to X. X submiting bills to XY.XY not Certifying the bills,but releasing interim payments.How much income wil recognise by company X ?

1.amount relesed by company XY?

2.Bill submited amount?

3.Cost+Profit percentage of Execution work?

Replies (2)

Refer AS-7....u'll get ur answer.

can you explained it briefly ?


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