Caves and their features form when rainwater follows the cracks or joints in the rock material, usually limestone or dolomite. The rainwater combined with carbon dioxide forms a weak acid called carbonic acid. This weak acid once in contact with the limestone begins to dissolve the limestone. This process slowly creates larger and larger crack and joints.
A service contract inventory assists an agency in better understanding how contracted services support the mission and operations and whether the contractorsâ skills are utilized in an appropriate manner.
IAS 11 Construction Contracts provides requirements on the allocation of contract revenue and contract costs to accounting periods in which construction work is performed.his is known as the percentage of completion method of accounting. [IAS 11.22]. To be able to estimate the outcome of a contract reliably, the entity must be able to make a reliable estimate of total contract revenue, the stage of completion, and the costs to complete the contract.