The following information are provided: Work Certified = Rs.2,000,000 Work Uncertified = Rs.150,000 Notional profit transfer to reserve = Rs.180,000…
BBS Cost and Management Accounting · 2079 · Solved Question with Answer
The following information are provided:
Work Certified = Rs.2,000,000
Work Uncertified = Rs.150,000
Notional profit transfer to reserve = Rs.180,000
Cash received = Rs.1,600,000
Work Certified = Rs.2,000,000
Work Uncertified = Rs.150,000
Notional profit transfer to reserve = Rs.180,000
Cash received = Rs.1,600,000
Required: Work in progress account