Kapoor Engineering Company undertakes a long-term contract which involves the fabrication of prestressed concrete blocks and the
Question:
Kapoor Engineering Company undertakes a long-term contract which involves the fabrication of prestressed concrete blocks and the erection of the same on consumer's site.
The following is supplied regarding the contract which is incomplete on 31st March, 2001. Cost incurred:
You are required to prepare a statement for submission to the management indicating:
(a). The estimated profit on the completion of the contract,
(b). The estimated profit to date on the contract.
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To calculate the estimated profit on the completion of the contract and the estimated profit to date youll need to follow these steps Calculate the Es...View the full answer
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