In contract costing credit is taken only for a part of the profit on

Related MCQs

• Contract costing is a basic method of …………….. costing
• In a contract costing payment of cash to the contract is made on the basis of …………………………. Work
• 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
• Job costing can also be called as ……………….. costing
• Marginal costing is a…………of costing
• The valuation of stock, in marginal costing, as compared to absorption costing is
• ……………….. process loss should be transferred to costing profit and loss account
• Profit planning is possible with…………costing
• In marginal costing managerial decisions are guided by…………than by profit