- This topic has 0 replies, 1 voice, and was last updated 1 year ago by .
- You must be logged in to reply to this topic.
PQ Awards Nominations
Please help us to win one of the PQ Magazine awards and send in the voting form >>
You can nominate us in any or all of the following categories: Online College of the Year, Study Resource of the Year, Private Sector Lecturer of the Year, and Accountancy Personality of the Year.
Specially for OpenTuition students: 20% off BPP Books for ACCA & CIMA exams – Get your BPP Discount Code >>
The sales value of the work done at 31 March 20X9 has been agreed at $22 million and
the estimated cost to complete (excluding plant depreciation) is $10 million. The
specialist plant will have no residual value at the end of the contract and should be
depreciated on a monthly basis Price well recognises progress towards satisfaction of
the performance obligation on the outputs basis as determined by the agreed work to
date compared to the total contract price
Sir what is meant by ” outputs basis as determined by the agreed work to
date compared to the total contract price”?