The loss incurred on an incomplete contract is transferred to ……… account
A) Profit & loss a/c
B) work in progress
C) depreciation
D) Machinery
Correct Answer:
Verified
Q1: In job costing each ………. Is a
Q2: In a contract costing most of the
Q3: ……………. In a contract , provides that
Q5: When the completion stage of the contract
Q6: In …………….. contract the contractor will get
Q7: Scope of specific order costing is very
Q8: ………… is an important point to be
Q9: When a contract is debited with the
Q10: When the competition stage of a contract
Q11: If the contract is almost complete ,
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