A point at which there is neither profit nor loss ………………

Related MCQs

• 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
• ……………….. process loss should be transferred to costing profit and loss account
• 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 …………..
• Any loss over and above the normal loss is called
• There will be…………in marginal costing when there is production but no sales
• A contract in which the contractor is given the lost of work done plus a certain percentage for profit is called …………………….
• In which type of contract, the contractee agrees to pay the cost of work done plus a percentage of overhead and profit
• In which situation, 2/3 of national profit credited to P & L a/c