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Posted on Sep 02, 2024

A contract s cost to date is Sh 5 1 , 0 0 0 , 0 0 0 , profit taken Sh 8 , 1

A contract

s cost to date is Sh

51, 000, 000,

profit taken Sh

8, 125, 000,

cash received Sh

38, 000, 000 .

The contract is

70 %

complete and its price is Sh

78, 000, 000 .

What is its value of work in progress.

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