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What are the ailments and drawbacks of Accrued Income in revenues recognition in contracting companies ?‎

While recognizing Revenue of a project having life of over ONE Year, it gives a tough time to adjust accrued income against revenues, therefore there would be need to exe‎ ... See More

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Which is the best software package for a contracting company in Qatar?‎

1. Tally2. Peachtree3. Dac Easy4. Wings‎

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What are the factors affecting the performance of rigid disks? ‎

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Answer added by  Muhammad Rizwan Rizwan, Assistant Accountant, National Rural Support Program
10 years ago

Peachtree

 

Answer added by  ramkumar saladi
10 years ago

i will joiend

 

Answer added by  James Mwangi, junior accountant, HENRY SMITH &WILSON AUDIT FIRM
3 years ago

Its cumbersome to account for accrued revenues for big projects running for more than one year eg construction projects

 

Answer added by  Ramy Chami, Sr. Projects Director, Egis
10 years ago

It all depends on tax brackets, and how revenues are collected against what is claimed.