Urgent

2013 - Profit 9,29,000] 1. The following information related to a building contract for Rs 10,00,000 and for which 80% of the value IHE value or the plant at the end of I, II and III year was 11,200 , 7,000 and 3,000 respectively. Prepare Contract Account, for these three years taking into account such profit as you think proper on incomplete contract. [Ans. I yr. Reserve 200, II yr. Profit 1,06,347; Reserve 93,053: III yr. Profit 1.33553] (B.Com.)