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hello everyone you are watching sahab academy if you like our videos then please subscribe to our channel and also hit the bell icon for the regular updates and also follow us on instagram sahab academy now lets go to the video hi everyone welcome back to the second video of contract costing chapter now in this video we are going to solve this simple problem of contract costing just to start off the chapter and before that let me just tell you what we have done so far in the previous video we have discussed the basic concept of contract costing yes who is contractor who is contractor what is meant by contract and then we are talking about construction contracts over here yes and i also told you that we do this chapter from the contractors point of view yeah we have to prepare the contract account for each of the contract that the contractor takes here and then what this contract account is prepared in whose books in the books of contractor yeah and we also saw the format of contract