i have studied this topic in detail...In javaid zuberi's book two methods have been used...percentage completion and completed contract methods...
according to completed contract method if a contract is spread over more than one year...then we will recognize profits in the last year only...
what do u ppl think by doing this the profits of the last year will not become very huge?
so it will not be a fair presentation...
ur comments plz
Ace
oye...kia kisi ne construction contracts nahin parha...
Ace
I have noticed that on this forum many members are referaining themselves from answering Technical Questions......
Although i havent studied Construction Contracts...........
Thanks........
Happy New Year
read JZ again and u'll find ur answer in it ..)
Never seek advice from a Chartered Accountant. They are trained to find problems not solutions.
if u plz mention the page no...
Ace
yup swalat...many ppl are having problems with making our posts...but only few members have replied the study related queries that i put here on this forum...
Ace
<BLOCKQUOTE id=quote><font size=1 face="Verdana, Tahoma, Arial" id=quote>quote<hr height=1 noshade id=quote>
yup swalat...many ppl are having problems with making our posts...but only few members have replied the study related queries that i put here on this forum...
Ace
<hr height=1 noshade id=quote></BLOCKQUOTE id=quote></font id=quote><font face="Verdana, Tahoma, Arial" size=2 id=quote>
Only A few members are answering the Study Related Questions.....
And among them many r just giving Indirect Answers.... Not specifying the exact Requirement.......
<BLOCKQUOTE id=quote><font size=1 face="Verdana, Tahoma, Arial" id=quote>quote<hr height=1 noshade id=quote>read JZ again and u'll find ur answer in it ..) <hr height=1 noshade id=quote></BLOCKQUOTE id=quote></font id=quote><font face="Verdana, Tahoma, Arial" size=2 id=quote>
Thanks........
Happy New Year
and then such ppl point others about there no. of posts...
sorry...to all such members...
Ace