Loss arising to incomplete contract is (a) Transferred to P&L A/c (b) Debited to WIP (c) Debited

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Loss arising to incomplete contract is

(a) Transferred to P&L A/c

(b) Debited to WIP

(c) Debited proportionately to WIP

(d) Not dealt in cost accounts

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Cost Accounting

ISBN: 9788131732076

1st Edition

Authors: V. Rajasekaran, R. Lalitha

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Question Posted: Jun 14, 2024 01:22 AM

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Loss arising to incomplete contract is (a) Transferred to P&L A/c (b) Debited to WIP (c) Debited

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Cost Accounting

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