As per AS 7 Research and Development cost is to be excluded from contract cost .

Related MCQs

• Transfer of money from one place to another i.e. mail transfer is an item to be excluded from bills payable.
• As per AS architects services are not included in construction contract.
• As per AS-19 …………nlease risk and reward is not transferred to the lessee.
• All items of stock in Trading and Profit and loss Account are to be converted into cost price if these are given at an _
• In financial lease as per As-19 leased assets is shown in the Balanced sheet of--
• Earning per share is very important financial ratio is computed for assessing the state of --------------price of shares.
• As per AS 15 accumulated compensated absences can be carried forward if the current period entitlement is not used in full.
• As per As- 28 impairment of asset means decrease in the value of asset.
• As per AS -30 prepaid expenses are not financial instruments.
• The ratio which indicates earnings per share reflected by the market price is .