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As 7
Accountancy
Can you please explain how to solve qn 4 and 5 ?
Answers (3)
Q.4 In this question the revenue to be recognised to the extent of work completed . Here it is given in question certified work completed =320 lakhs so the revenue to be recognised is 320 lakhs Q.5 In this question cost incurred till date is given as 360 lakhs. So expense is to be recognised to the extent of expense incurred so answer is 360 lakhs
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