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Q. Retention money is retained by whom ………………….

Q. Where actual loss in a process is less than the anticipated loss , the difference b/w the two is considered to be …………..

Q. ……………….. process loss should be transferred to costing profit and loss account

Q. Contribution is the sum of

Q. The limitations of job costing are ;

Q. At break even point, the contribution equal to

Q. If the value of work certified equal to or more than 90% of contract price, profit to be credited is……………….

Q. In contract costing payment of cash to the contractor is made on the basis of

Q. Cost of producing an additional unit of output is ……………

Q. The loss incurred on an incomplete contract is transferred to