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Construction contracts-costs incurred to date

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › Construction contracts-costs incurred to date

  • This topic has 1 reply, 2 voices, and was last updated 14 years ago by MikeLittle.
Viewing 2 posts - 1 through 2 (of 2 total)
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  • November 29, 2010 at 10:46 pm #46373
    valentinat171
    Member
    • Topics: 18
    • Replies: 34
    • ☆☆

    Dear Tutor,

    If I have a question where a construction company makes a mistake and incurs rectification cost of 5, should I include this 5 into my calculation of ‘amounts due from/to customers’? Should I include this 5 into my percentage of completion calculation?

    Many thanks,
    Valentina

    November 30, 2010 at 11:04 am #72073
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23327
    • ☆☆☆☆☆

    i think I have answered this, somewhere else? Did you post the question twice?

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