Not*my Arid number is 194173

Q.No.3. (Marks 4) The contract ledger of a company indicates the under mentioned expenditures on the Account of Contract "A" to 310 December 2003. Prepare Contract Account and Contractee Account. Materials Use your arid no as amount 6 digits Plant Rs. 40,000 Wages Rs. 128,000 Establishments expenses Rs. 12,000 The contract began in January 2003; the contract price being Rs. 800,000. Cash received on account to date Rs. 480,000 which is 80% of the work certified; and the remainder is to be paid as to 10% on the completion and the balance six months after completion. The material on hand Rs. 20,000 and work not certified as Rs. 20,000