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Beta Construction Ltd. executed various types of construction projects. The details of the contract amount, costs incurred and to be incurred and payment particulars are
Beta Construction Ltd. executed various types of construction projects. The details of the contract amount, costs incurred and to be incurred and payment particulars are given in the following table for 2014-15. All figures are in Millions. All costs were fully settled in cash and all payments were received in cash. Assume that all projects were started during 2014-15. Assume that the company uses the Percentage of Total Cost Method to account for its contracts. Fill in the blanks for each of the three contracts: Assume that the company uses the Physical Progress Method Based on Billing to account for its contracts. Fill in the blanks for each of the three contracts
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