The sum of value of work certified and uncertified appearing in the Contract Account is called ……………..
A) work in progress
B) work in process
C) work completed
D) work done.
Correct Answer:
Verified
Q15: The .....................costing is applied when a quantity
Q16: The loss incurred on an incomplete contract
Q17: When the completion stage of the contract
Q18: When the completion stage of a contract
Q19: If the amount of work certified is
Q20: Contract costing is not used in one
Q22: ….is the most suitable method in a
Q23: Room/day is the cost unit used in…………………
A)hotels
B)hospital
C)schools
D)none
Q24: Maintenance charges are in the nature of..............................expenses.
A)fixed
B)variable
C)semi-variable
D)none
Q25: In transport costing...........................charges vary more or less
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