The loss incurred on an incomplete contract is transferred to ……… account

Related MCQs

• The loss incurred on an incomplete contract is transferred to
• ……………….. process loss should be transferred to costing profit and loss account
• If the contract is almost complete , the amount of profit generally transferred to profit and loss account is equal to
• If the contract is almost complete, the amount of profit generally transferred to profit and loss account is equal to
• When the competition stage of a contract is less than ¼ , the total expenditure on the contract is transferred to ………… account
• When the completion stage of a contract is less than ¼ of the total expenditure on the contract is transferred to
• Profit on incomplete contract is known as ,………..
• Estimated profit on incomplete contract can also be called as ,……………..
• When the actual loss is more than the estimated loss, the difference between the two is considered to be ,………………….
• Where actual loss in a process is less than the anticipated loss , the difference b/w the two is considered to be …………..