If the value of work certified less than 25% of contract price,profit to be credited to P&L is

Related MCQs

• If the value of work certified equal to or more than 90% of contract price, profit to be credited is……………….
• The portion of value of work that has been done by the contractor and architect or supervisor of the contractee certified that work is ………..
• ……….. is the portion of work certified not paid by the contractee till completion of the work
• When the competition stage of a contract is less than ¼ , the total expenditure on the contract is transferred to ………… account
• When the completion stage of a contract is less than ¼ of the total expenditure on the contract is transferred 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 ………………..
• A portion of work certified retained by contractee is known
• When a contract is debited with the original cost of the plant , it should credited with ………… at the end of the year
• In a contract costing payment of cash to the contract is made on the basis of …………………………. Work
• If abnormal loss has any scrap value , it should be credited to