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Cost Accounting
book

Cost Accounting

by K. Alex
February 2012
Intermediate to advanced content levelIntermediate to advanced
756 pages
17h 6m
English
Pearson India
Content preview from Cost Accounting

10

Contract Costing

CHAPTER OUTLINE
LEARNING OBJECTIVES

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

10.1 INTRODUCTION

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.

10.2 MEANING OF CONTRACT ...
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Publisher Resources

ISBN: 9789332515642