Multiple Choice
When the completion stage of a contract is less than ¼, the total expenditure on the contract is transferred to...............................account.
A) work-in-progress
B) profit and loss account
C) miscellaneous account
D) none of these
Correct Answer:
Verified
Correct Answer:
Verified
Q9: Primary packing is an item of ………………<br>A)selling
Q10: Material Costs of each job are determined
Q11: In................................ each job is a cost unit
Q12: If the amount of work certified is
Q13: Each job has a ..................... prepared for
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
Q19: The loss incurred on an incomplete contract