Ans:3rd Option is Correct Answer
Explanation:
Date | Particular | Debit | Credit |
Construction in progress | 400,000 | ||
Cost of construction | 600,000 | ||
Revenue from Long term contracts | 1,000,000 |
Journal entry to record the revenue for 2016
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What is the correct answer? Arizona Desert Homes (ADH) constructed a new subdivision during 2020 and...
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