When a contract is debited with the original cost of the plant , it should credited with ………… at the end of the year
A) Original cost of the plant
B) Depreciated value of the stock
C) Profit
D) Estimated cost
Correct Answer:
Verified
Q4: The loss incurred on an incomplete contract
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
Q10: When the competition stage of a contract
Q11: If the contract is almost complete ,
Q12: In a contract costing payment of cash
Q13: Job costing is applied only in ………………….
Q14: Contract costing is a basic method of
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents