When the competition stage of a contract is less than ¼ , the total expenditure on the contract is transferred to ………… account
A) Work in progres
B) P/L a/c
C) Estimated profit
D) Notional profit
Correct Answer:
Verified
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
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
Q15: In job costing the production is generally
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