Profit on incomplete contract is known as ,………..

Related MCQs

• Estimated profit on incomplete contract can also be called as ,……………..
• The loss incurred on an incomplete contract is transferred to ……… account
• The loss incurred on an incomplete contract is transferred to
• 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 completion stage of the contract is more than half, the profit to be credited to P/L a/c will be equal to ………………..
• In …………….. contract the contractor will get cost plus stipulated profit
• A contract in which the contractor is given the lost of work done plus a certain percentage for profit is called …………………….
• In contract costing credit is taken only for a part of the profit on
• In which type of contract, the contractee agrees to pay the cost of work done plus a percentage of overhead and profit