Multiple Choice
The loss incurred on an incomplete contract is transferred to ………….account.
A) costing profit and loss account
B) profit and loss account
C) trading account
D) deferred to next year.
Correct Answer:
Verified
Correct Answer:
Verified
Q14: When the completion stage of a contract
Q15: In transport costing...........................charges vary more or less
Q16: Printers use ......................... costing.<br>A)process<br>B)batch<br>C)job<br>D)contract
Q17: An automobile service unit uses..........................costing.<br>A)specific order<br>B)batch<br>C)job<br>D)contract
Q18: The .....................costing is applied when a quantity
Q20: Telephone expense is ......................expense.<br>A)variable<br>B)semi-variable<br>C)fixed<br>D)none of these
Q21: When the completion stage of the contract
Q22: Credit and collection cost is an item
Q23: Which of the following measures helps to
Q24: Fancy packing is an example of ..................