ing Word without interruption, activate before Tuesday, April 2 Activate Contract BD258 began on January 15, 2020 and wa

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Ing Word Without Interruption Activate Before Tuesday April 2 Activate Contract Bd258 Began On January 15 2020 And Wa 1 (42.82 KiB) Viewed 33 times

ing Word without interruption, activate before Tuesday, April 2 Activate Contract BD258 began on January 15, 2020 and was completed on September 15, 2020 in the contractor's financial year. The total value of the contract was $6,500 000 On December 31, 2020, the inspecting engineer issued his final certificate of work done. The following information relating to the contract was made available from the company's records Details Accounts Directa Direct materials, less returns Materials from store and workshops Plant maintenance and use Direct expenses General overheads Materials ou hand December 314 Wages owing at December 31 Durect expenses prepaid Value of work certified by the inspecting engineer Cash received on account 1.200.000 480,000 196,000 380.000 100.000 240,000 40.000 65.000 48000 4.000.000 4.500.000 I (15 marks) Required: (a) Prepare the contract BD258 account as at December 31* 2020 (b) Prepare the contract P&L account for the year ended December 31- 2020 ( marks) () Prepare the Contractes Account as at December 31", 2020 (5 marks Online Proctoning Tools sharing your screen Stop sharing a 9 ар O % 1 5 0) 6 & 7 8 00 9 R T Y U F G I K