Hi there
Sir in the 3rd part of the question carsoon may get refunded the penalities associated with the project because it couldnt enter the construction premises
Could we argue in thr answer that it could be accounted for as a contingent asset for thr year ended if it meets the criteria as the
Examiners answer doesnt give any thought to it?
What do you think?
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Carsoon Ex 61
Please resubmit with thread header reflecting topic not question name.
Please give enough detail so that students and I can understand the scenario.
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