BPP Q21

"Statement of Profit or Loss Contract revenue 840 Contract expenses 720 Expected loss recognised 170 Attributable loss 50" In my workings, the figures are as follows: Revenue recognised 70% x 1,200 840 Costs recognised (balancing figure) 890 Loss recognised ( 50) Here's what you have quoted to me "How to get the 720 and 170?" The total is 890, as per my workings The reason for the 720 is that that is the costs to date and .... ..... the reason for the 170 is to push that 720 up to 890 and thus recognise the 50 anticipated loss in full OK?

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