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Revision: Contract Costing Cost Accounting(Financial Accounting and Auditing 10) B.Com (General) Semester 6 (TYBcom) University of Mumbai

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Concepts [15]

  • Introduction to Contract Costing
  • Contract Costing
  • Process of Contract Account
  • Contract Costing Concept
  • Work Certified
  • Work Uncertified
  • Progress Payments
  • Retention Money
  • Cost Plus Contract
  • Contract Account
  • Accounting for Material
  • Accounting for Tax Deducted at Source by the Contractee
  • Accounting for Plant Used in a Contract
  • Treatment of Profit on Incomplete Contracts
  • Contract Profit and Balance Sheet Entries
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