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In contract costing, most of the items of cost are
direct
indirect
both 1 and 2
none of these
Contract Costing is otherwise called as terminal costing. It is one of the methods of job costing. Contract costing is also prospered just like job costing. A separate number is allotted to each contract and records are also maintained for each contract separately. The cost unit is each contract A/c.
By: SWAPNIL AGGARWAL ProfileResourcesReport error
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