Escalation clause is generally included in case of …………..contract agreement .

Related MCQs

• Escalation Clause aims at safeguarding the interest of the ……………….against unforeseen rise in cost.
• Sub contract cost is always to be treated as ……………….to the contract.
• A contract is generally of ………………..duration.
• What item is not included in cost accounting?
• Which of the following is not included in functional classification of overheads?
• The disposal cost of abnormal loss is included in the abnormal loss account and therefore in the transfer of the cost of abnormal loss to the statement of profit or loss.
• A job costing system is usually based on absorption costing principles, and in addition a cost is included for non-production overheads.
• The loss incurred on an incomplete contract is transferred to …………….account.
• 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…………..
• If the amount of work certified is less than………of the contract price,then no profit should be taken to Profit & Loss Account.