12-31-2004, 10:19 PM
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
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
