In __________ the contractee has the right to conduct cost audit to ensure that he is not being cheated by the contractor.

CS Executive · Cost and Management Accounting · PYQS · December 2020
In __________ the contractee has the right to conduct cost audit to ensure that he is not being cheated by the contractor.
(A) Sub-contract
(B) Cost plus contract
(C) Contract with escalation clause
(D) Government contract

Answer & Explanation:

Correct Answer: Option (B)

Official answer key: (B).

Topics: Contract Costing

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