Your marketing company has been working on a consulting project for a client. Your team has worked on the project for two months, and it is now year-end. The project will be completed by February of the next year, and the client has not yet been billed. For the financial statement, how should project be classified?Should the costs associated with an uncompleted consulting project be classified as a work-in-process asset on the balance sheet or should the cost be expensed on the income statement as a part of the doing business?why?

2 Answers  

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what are your current financial and accounting projects? What is your role?

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What Does Hedgelet Mean?

1 Answers   Deloitte,

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what is a journal in accounting?

2 Answers  

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paid vendor to RS 15000 and incentives of RS.5000 and deducted Rs.3000 as penalty so finally paid to vendor is Rs.17000. please let me know the journal entry for this.

0 Answers   Real Group Of Companies,

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Why are accounting standards necessary?

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3 Answers   Mphasis,

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Is tmb is nationalized bank?

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hi to all this is sai i attend interview for genpact last week he asked me about BRS :if ur MD issued a cheque for his own insurance premium what u will do? this is the question plz give answer for this

13 Answers   Genpact, Uttam Galva,

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what is capital reserve

0 Answers   Accenture, Linc Pen,

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What are the advantages & disadvantages of double entry system?

0 Answers  

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