Business
Cost Accounting
Indicate how you would deal with the following items: (a).

Indicate how you would deal with the following items: (a). Plant and machinery pruchased and used on contract work. (b).

Question:

Indicate how you would deal with the following items:

(a). Plant and machinery pruchased and used on contract work.

(b). Amounts received from contractee.

(c). Materials lying unused at site.

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Dealing with the following items in a contract costing system involves appropriate accounting treatm…View the full answer

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