When the completion stage of a contract is less than ¼, the totalexpenditure on the contract is transferred to ………………..account.

When the completion stage of a contract is less than ¼, the totalexpe

1.	When the completion stage of a contract is less than ¼, the totalexpenditure on the contract is transferred to ………………..account.
A.	Work-in-Progress
B.	Profit and loss account
C.	miscellaneous account
D.	none of these
Answer» B. Profit and loss account

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When the completion stage of a contract is less than ¼, the totalexpenditure on the contract is transferred to ………………..account.

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