CA Inter doubt
AS7 ... Computation please when contract value is 370
Asked by Mani28 Mar 2025663 views
5 answers
Meet · 30 Mar 2025
So that I this Question certified cost ignore
Meet · 30 Mar 2025
If Cost Til date not given in que .. then work certified and work not certified added
Meet · 30 Mar 2025
Because cost Til date and further cost directly given in the Question
Mani · 30 Mar 2025
Why haven't you considered the certificated cost in actual cost?
Meet · 30 Mar 2025
Cost Til date 360 Lakh + Further cost 50 Lakh ____________________ Total cost 410 Lakh % completion = Cost Til date __________*100 Total cost i.e 360 Lakh _______*100 410 Lakh =87.80%. approx=87% Revenue reconisd 370*87% = 321.9 approx Answer 320 (A)
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