In contract costing, the whole of the amount shown under architect's certificate is not paid immediately, but a part thereof is paid after the contract is completed. Such amount is known as —
CS Executive · Cost and Management Accounting · PYQS · December 2015
In contract costing, the whole of the amount shown under architect's certificate is not paid immediately, but a part thereof is paid after the contract is completed. Such amount is known as —
Answer & Explanation:
Correct Answer: Option (A)
Official answer key: (A).
Topics: Contract Costing
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