Contract account is a form of ………………….

Related MCQs

• When the competition stage of a contract is less than ¼ , the total expenditure on the contract is transferred to ………… account
• ……………. In a contract , provides that the contract price would be suitably enhanced on the happening of a specified contingency
• In a contract costing payment of cash to the contract is made on the basis of …………………………. Work
• A contract in which the price is fixed in advance is a ………….. contract
• When the completion stage of a contract is less than ¼ of the total expenditure on the contract is transferred to
• The loss incurred on an incomplete contract is transferred to ……… account
• 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
• In a contract costing most of the items of cost are ……………..
• 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 ………………..