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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 ajoutée par Shahbaz Hayder , Group Head of Finance , Sharif Group of Companies
Date de publication: 2016/01/11
maariz zawar
par maariz zawar , Finance Officer , Al-Mumtaz Tents

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

Shahbaz Hayder
par 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
par Zehab Osman , Accountant , Aldar Consultancy Co.

 

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

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

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

Saurabh Dugar
par 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
par Abu Bakar Ashfaq , Senior Consultant , PricewaterhouseCoopers Middle East

Option3 is the right answer.

 

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