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

Q. There will be…………in marginal costing when there is production but no sales

Q. Units of abnormal gain………………..in process A/c and ……………in abnormal gain A/c

Q. When a contract is debited with the original cost of the plant , it should credited with ………… at the end of the year

Q. The method of costing applied in biscuit industries is …………………….

Q. Contract account is a form of ………………….

Q. The method of costing applied when articles are manufactured in definite batches is ………………………….

Q. ……………. is the budget incorporating all the components functional budgets

Q. How many steps are there in job costing procedure?

Q. The person who gives the work on contract is known as ……