Completed Contract Method (Financial Accounting)

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Edspira
Published at : 07 Dec 2020
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This video discusses the Completed-contract Method for recognizing revenue on a long-term contract. The video provides a comprehensive example to illustrate the journal entries that are required, and it compares and contrasts these entries with the entries required under the Percentage-of-completion method.



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Completed contractcompleted contract methodpercentage of completion

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