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Jaggu Ltd. obtained a contract for a construction of a building for ?95 Lakhs. As on 31st March, 2017, it incurred a cost of ?22 Lakhs and expected that there will be ?58 Lakhs more needed for completing the building. It has received ?18 Lakhs as progress payment. Degree of completion will be

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The syllabus (with weightage):
A. GAAP and Accounting Standards 20%
B. Accounting of Business Combinations & Restructuring 20%
C. Consolidated Financial Statements 20%
D. Developments in Financial Reporting 25%
E. Government Accounting in India 15%


Jaggu Ltd. obtained a contract for a construction of a building for ?95 Lakhs. As on 31st March, 2017, it incurred a cost of ?22 Lakhs and expected that there will be ?58 Lakhs more needed for completing the building. It has received ?18 Lakhs as progress payment. Degree of completion will be






 
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