Revenue recognition for construction and service contracts.

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..... ervice contracts. 57. (1) The profits and gains arising from a construction contract or a contract for providing services shall be determined on the basis of percentage of completion method, as per t .....

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..... acts over a specified period of time. (3) For the purposes of percentage of completion method, project completion method or straight line method under this section,- (a) the contract revenue shall .....

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