The following particulars are extracted from the books of a building contractor on 31-12-1991.

Materials Rs Purchased 80,000 Transfer from other contracts 2,00,000 Issued from central stores 5,50,000 Materials Rs Wages 8,75,000 Indirect expenses 35,000 Inspection fees 15,000 General stores 40,000 Establishment charges 66,000 Scrap (material sold) 6,000 A cement mixing plant was purchased on 1st January 91 for Rs 80,000 and installation charges amounted to Rs 20,000. Of the plant and material charged to the contract, plant which cost Rs 3,000 and material which cost Rs 2,500 were lost. On June 30 plant was transferred to another contract. An additional plant was purchased on October 1, for Rs 2,00,000. Of the materials charged to contract, materials which cost Rs 5,000 were sold for Rs 5,500.
The contract price was Rs 50,00,000. Cash received on account till 31st December 1991 amounted to Rs 20,00,000 being 80% of work certified. The cost of work done but not certified was Rs 75,000. The value of material on hand was Rs 20,000. Charge depreciation on plant at 10% p.a.
Prepare contract account. Show how work-in-progress account will appear in the balance sheet on 31st December 1991.