February 2012
Intermediate to advanced
756 pages
17h 6m
English
After reading this chapter, you will be able to understand:
The features of contract costing
The different types of contract costing
Recording of transactions in contract costing
The concept of incomplete contract
Contracts lasting for more than a year
Contract costing applies to jobs undertaken as per the requirements of the clients. Generally, it lasts for more than a year. Contract costing includes activities like building of bridges, roads, dams, ships, buildings, complexes and so on.