_____ money is paid a certain period after completion of the contract Options: A . &nbspwork certified B . &nbspwork uncertified C . &nbspretention D . &nbspescalation

_____ money is paid a certain period after completion of the contract

Question

_____ money is paid a certain period after completion of the contract

Options:

A . work certified

B . work uncertified

C . retention

D . escalation

Answer: Option C

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Question 1. On _____ of the contract entire profit is transferred to P & L A/c....

Question 2. __________ is debited to the contract A/c....

Question 3. Profit on each contract is computed every year on incomplete portion of the contract....

Question 4. A contract usually takes more than one year to complete....

Question 5. Cost incurred by undertakings which do not manufacture any product but services is....

Question 6. ________ labour cost is the remuneration paid to the employees who are directly engaged in the manufacturing operations....the employees who are directly engaged in the manufacturing operations

Question 7. Most of the costs in a contract are direct cost....

Question 8. Extra payment reuired to be paid for overtime work is called as overtime....

Question 9. If PVR=40%, MOS=50%, Sales=Rs....

Question 10. A high margin of safety indicates that....

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