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

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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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