The process A/c is credited with

Related MCQs

• 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 a contract is debited with the original cost of the plant , it should credited with ………… at the end of the year
• If abnormal loss has any scrap value , it should be credited to
• If the value of work certified less than 25% of contract price,profit to be credited to P&L is
• In which situation, 2/3 of national profit credited to P & L a/c
• If the value of work certified equal to or more than 90% of contract price, profit to be credited 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
• Average unit cost for each process is calculated by dividing ……………..by …………….