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ndeke construction ltd makes up its account to 31 march each year .the following details have been extracted in relation to one of its contract; contract price k2000, value of work certified k1500, cost of work not certified k160, cash received from client k1440, estimated cost of completion k135, cost of work certified k1065. the frofit to be recognized in the income statement is?
This is not examinable in Paper MA !!