HZ Construction Company acquired a contact for the construction of a dual carriage way from Nairobi at cost of 200 million.

      

HZ Construction Company acquired a contact for the construction of a dual carriage way from Nairobi at cost of 200 million. The data relating to the contract for year ended 31st December 2009 was as follows:
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The company had received from the client payment amounting to 126 million.
Required:
(i) Contract account
(ii) Contractee account
(iii) Balance sheets extract showing work in progress.

  

Answers


Wilfred
Solution
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Wilfykil answered the question on August 6, 2019 at 06:38


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