Financial Accounting II

In this article, we are going to discuss 9. Contract Account, Practical Problems and Solutions. In previous post we have discussed already about Contract Account, Features of Contract Account, Cost-Plus Contract, Advantages, Disadvantages, Example Problems. Contract Account is a topic of Advanced Financial Accounting. It is an important topic included in final exam papers of all leading universities such as Punjab University, University of Sargodha, along with all major Indian Universities. Lectures with problem questions of the Company Final Account, Accounting Ratios, and, Consignment Accounts are already published on the site.