A. Shown as a deduction from contract work-in-progress on asset side
B. Shown as a liability
C. Credited to P
Related Mcqs:
- The adjustment to be made for income received in advance is:?
- The managing director remarked that the secretary was an asset to the company.
- Investment in own share A/c appears in____________??
- Depreciation Account appearing in the Trial Balance is shown in:?
- Income earned but not received is called ____________??
- Carriage on goods purchased is shown in:___________??
- Which of the following statements is false ? select the false from below options?
- The process of determining the present value of a payment or a stream of payments that is to be received in the future is known as:?
- Outstanding salaries is shown as___________??
- Recent developments have made much of a company‘s inventory obsolete. This obsolete inventory should be??
