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May 26, 2015 at 4:23 pm
If we had expected the loss by forecasting future cost against revenue. In practical, how does this “balancing “cost figure should be shown in statement of profit loss? such as journal etc.
May 26, 2015 at 5:04 pm
Dr Construction Cost in the statement of profit or loss
Cr Construction Contract Account
May 25, 2015 at 1:23 pm
Hi, I cannot find the lecture for Chapter 14- IAS 36. The website takes me to chapter 15 right after chapter 13.
May 25, 2015 at 3:27 pm
Why have you posted this twice? There really is no need
If you want a reply from me, then post on the ask the tutor page
If you want a reply from the general populace, then post in the general forum
But, please, do not post in both places
May 25, 2015 at 4:36 pm
I’m sorry I wasn’t sure where I’ll get the answer from.
May 25, 2015 at 5:05 pm
You’ll always get an answer if you post on Ask the Tutor
You may never get an answer if you post on the general forum – most do, but there’s no guarantee
May 11, 2015 at 9:12 pm
Many thanks for your help, Mike! At long last I understand how to answer questions on construction contracts
May 11, 2015 at 9:21 pm
May 3, 2015 at 11:25 pm
I don’t understand why in example, cost is (300 000 + 250 000) * 65%= 357 500
I dont understand why is 375 000 instead.
May 3, 2015 at 11:31 pm
ok got it
April 30, 2015 at 11:05 am
Good morning Sir,
i am really struggling to understand how you got to your figures within Exampe 5… Mainly the costs in year two of £750,000. Am i missing something?
Many thanks, Chris.
April 30, 2015 at 5:49 pm
Yes, you certainly are missing something but, before I answer you, I want to raise two points:
1 – this really would be better addressed to me on the ask the tutor page because I rarely look at the recent post section
2 – have you looked at previous comments under this lecture?
Please look at previous posts and, if you’re still stuck, post again
November 26, 2014 at 3:12 am
dear Sir, What are the ways of calculating the stage of completion?
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