Work in the process of completion

Related MCQs

• ……….. is the portion of work certified not paid by the contractee till completion of the work
• The work in the process of completion is known as …………….
• 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 ………………..
• When the completion stage of a contract is less than ¼ of the total expenditure on the contract is transferred to
• The portion of value of work that has been done by the contractor and architect or supervisor of the contractee certified that work is ………..
• In ………… costing separate account “ process A/C ” is kept for each process
• Cost of one process may be transferred to the next process at
• Units of abnormal loss is………………..in abnormal process A/c and ……………in process A/c
• In a contract costing payment of cash to the contract is made on the basis of …………………………. Work
• Contract price is the cost of work done plus a percentage