When value of contract is ascertained by adding a certain percentage of profit over the total cost of work. It is known as:
CS Executive · Cost and Management Accounting · PYQS · June 2019
When value of contract is ascertained by adding a certain percentage of profit over the total cost of work. It is known as:
Answer & Explanation:
Correct Answer: Option (B)
Official answer key: (B).
Topics: Contract Costing
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