can you tell me the treatment of escalation clause in contract costing that came in may 10 PCC examination ?
can you tell me the treatment of escalation clause in contract costing that came in may 10 PCC examination ?
IT SHOULD BE CREDITED TO CONTRACT A/C. IN ADDITION TO CONTRACT PRICE.
please tell me whether the amount of escalation will be the diff betwn (act price*act qty)-(std price*act qty) or (act price*act qty)-(std price*std qty) ?
DEAR Mohit,
you can refer below mentioned MAY 10 Paper solution for ur Query...
/share_files/pcc-may-2010-solved-paper-26854.asp
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Gupta Sachdeva & Co. Chartered Accountants
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