In what basis of work, the contractor is made payment?

Related MCQs

• Under piece rate system of wage payment, payment is made according to the…………………
• Under piece rate system of wage payment, payment is made according to the: -
• Payment on the basis of the work done irrespective of the time taken by the worker is called:
• Which of the following methods of wage payment does not guarantee wages on time basis?
• What accounting entry under integrated system will be passed for payment to creditors for supplies made?
• A company estimates its direct material requirements for the month of November 2014 to be Rs. 2,40,000 and the direct labour to be Rs. 1,500,00. It is the policy of the company to absorb overheads as under : Factory overheads 60% of direct wages Administrative overheads 20% of work cost Selling and distribution overheads 25% of work cost it is estimated that the selling and distribution overheads will increase by 15% in November the budgeted sales for the month of November 2014 is
• The work done beyond the normal work period is called: -
• Payment of wages Rs. 5,000. Under Integrated Accounts, the transaction will appear as
• ……………is the cost which involves payment to outsiders.
• Out of pocket costs involve payment to …………………