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How can we calculate a stage of completion?

1. Services performed to date divided by total services to be performed.

 

2. By performing surveys of work performed.

 

3.Costs incurred to date divided by total estimated cost to fulfill the contract.

 

4. All answers given above are correct.

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Question added by Shahbaz Hayder , Group Head of Finance , Sharif Group of Companies
Date Posted: 2016/01/11
maariz zawar
by maariz zawar , Finance Officer , Al-Mumtaz Tents

4: all ansawers above are correct......................

Shahbaz Hayder
by Shahbaz Hayder , Group Head of Finance , Sharif Group of Companies

Option 4 is the right answer i.e. All answers given above are correct.

Zehab Osman
by Zehab Osman , Accountant , Aldar Consultancy Co.

 

3.Costs incurred to date divided by total estimated cost to fulfill the contract.

Shazia Anees
by Shazia Anees , Assistant Manager Finance , Arham Trading Company

answer no.4----------------------------------

Saurabh Dugar
by Saurabh Dugar , Derivative Trainee , Mansukh Securities and Finance Limited

4. All answers given above are correct.

3.Costs incurred to date divided by total estimated cost to fulfill the contract.

and it is exception for revenue reg-nation principle

Abu Bakar Ashfaq
by Abu Bakar Ashfaq , Senior Consultant , PricewaterhouseCoopers Middle East

Option3 is the right answer.

 

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