Multiple Choice
When the completion stage of the contract is more than half, the profit to be credited to Profit and Loss account will be equal to…………..
A) 1/3rd of notional profit x cash received work certified
B) ½ of notional profit x cash received work certified
C) 2/3rd of notional profit x cash received work certified
D) full notional profit.
Correct Answer:
Verified
Correct Answer:
Verified
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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
Q19: The loss incurred on an incomplete contract
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Q22: Credit and collection cost is an item
Q23: Which of the following measures helps to
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